Hawaii Insurance exam Questions and Answers 100% Pass

Hawaii Insurance exam Questions and Answers 100% Pass The Insurance Commissioner must examine an insurer at least once every? - Correct Answer ️️ -5 years How many days in advance must a notice of a hearing on unfair trade practices be sent? - Correct Answer ️️ -15 days The fine PER violation for UNKNOWINGLY committing an unfair or deceptive act in the business of insurance is: - Correct Answer ️️ -$1,000 The fine PER violation for KNOWINGLY committing an unfair or deceptive act in the business of insurance is: - Correct Answer ️️ -$5,000 The MAX fine for UNKNOWINGLY committing an unfair or deceptive act in the business of insurance is: - Correct Answer ️️ -$10,000 The MAX fine for KNOWNINGLY committing an unfair or deceptive act in the business of insurance is: - Correct Answer ️️ -$50,000 What is the max fine when violating a cease and desist order? - Correct Answer ️️ - $10,000 The MIN fine per violation of the Insurance Code is: - Correct Answer ️️ -$100 The MAX fine per violation of the Insurance Code is: - Correct Answer ️️ -$10,000 How much of a penalty must an insurance producer pay to reinstate an expired license? - Correct Answer ️️ -Double the renewal fee Temp producer licenses may be issued, without examination, for up to how many days? - Correct Answer ️️ -180 days Within how many days does a producer have to report any criminal prosecutions, or civil or administrative, actions taken against them? - Correct Answer ️️ -30 days The total Continuing Education hours required for each two-year licensing period is? - Correct Answer ️️ -24 hours How many hours in ethics and insurance laws and regulations are required in Continuing Education? - Correct Answer ️️ -3 hours Violation of Insurance Code is punishable by up to how long in prison? - Correct Answer ️️ -1 year How many days do violators of Insurance Code have to pay any fines received? - Correct Answer ️️ -10 days How old does an applicant need to be to apply for an insurance license? - Correct Answer ️️ -18 years old Name or address changes must be reported to the Commissioner within how many days? - Correct Answer ️️ -30 ays Producers must maintain transaction records for how many years? - Correct Answer ️️ -5 years An expired producer's license may be reinstated within how many months of the due date? - Correct Answer ️️ -12 months