Hawaii Adjuster's Exam Questions and Answers 100% Pass

Hawaii Adjuster's Exam Questions and Answers 100% Pass Which of the following statements is not correct regarding qualifications for an adjuster's license? - Answer- An attorney who adjusts losses from time to time is considered an adjuster. An unauthorized insurance company may also be referred to as a - Answer- Surplus lines insurer Which of the following statements is not correct regarding surplus lines insurance? - Answer- The surplus lines insurance must be procured at a rate that is lower than the prevailing rate for the same type of coverage A surplus lines broker must file with the commissioner a statement of all surplus lines insurance trends acted during the previous calendar - Answer- Quarterly If an insurer violates any section of the insurance code, what can the commissioner issue to stop the insurer were from committing the violation? - Answer- Cease and desist Which of the following types of insurance provides protection and that indemnity coverage? - Answer- Marine Is every insurer required file with the commissioner of insurance in the state of Hawaii rated inland marine risks? - Answer- No Producers licensed to transact property and casualty insurance must complete how many hours of continuing education every biennium devoted solely to Hawaii laws and rules? - Answer- 3 hours Failing to respond to communications from insureds within 14 business days is considered unfair claims settlement practice - Answer- Correct Proof of financial responsibility may be given by filing a a credit report - Answer- False A producer must maintain accounts or records of all insurance transactions for how many years? - Answer- 5 An insurance producer who lets his license laps, may, within 12 months - Answer- Reinstate the license without taking an examination If a license hold the money in a fiduciary capacity, the insurance commissioner may suspend, revoke, or refuse to withstand any license issued under Hawaii law - Answer- False A license to conduct business in Hawaii is called a - Answer- Certificate of authority Which of the following persons is permitted to prosecute producers who break Hawaii Insurance laws? - Answer- The Hawaii attorney general May members be assessed an amount that is no more than 10% of their annual direct written premium with regard to assessments under the Hawaii Insurance guaranty association act? - Answer- No Which of the following is correct about uninsured motorist coverage in Hawaii? - Answer- It must be offered by the insurer were but may be rejected by the insured In the event an insurer cancels or refuses to renew a motor vehicle insurance policy, it shall provide how many days written notice to the insured before the effective date of cancellation or refusal to renew? - Answer- 30 days The personal injury protection benefits it every motor vehicle insurance policy must include, provides an aggregate limit on how much per person? - Answer- $10,000 Coverage is designed to eliminate tort liability cases with regards to the purpose of the Hawaii personal injury protection (PIP) insurance law - Answer- Untrue Which of the following has been abolished as a result of personal injury protection (no- fault) coverage? - Answer- Tort liability of the owner of an insured motor vehicle Which of the following are the minimum limits of automobile insurance liability required in the state of Hawaii? - Answer- 20/40/10 Which of the following statements with regard to premium rates under Hawaii no-fault insurance is correct? - Answer- No premium on any no-fault policy shall be increased as a result of any accident if the insured is not at fault in the accident The Hawaii joint underwriting plan shall provide PIP (no-fault) benefits in policies for various classes of insureds. Which of the following classes would not qualify for coverage under the joint underwriting plan? - Answer- A person who allows the neighbor to use that covered auto from time to time Payment of PIP benefits shall be made within how many days after the insurer has received reasonable proof of loss and demand for payment? - Answer- 30 days HEMIC provide what type of insurance? - Answer- Workers' co