Hawaii Insurance Practice Exam Questions
With Correct Answers
What is the max fine when violating a cease and desist order?☑️Correct Ans-$10,000
The MIN fine per violation of the Insurance Code is:☑️Correct Ans-$100
The MAX fine per violation of the Insurance Code is:☑️Correct Ans-$10,000
How much of a penalty must an insurance producer pay to reinstate an expired
license?☑️Correct Ans-Double the renewal fee
Temp producer licenses may be issued, without examination, for up to how many
days?☑️Correct Ans-180 days
Within how many days does a producer have to report any criminal prosecutions, or civil or
administrative, actions taken against them?☑️Correct Ans-30 days
The total Continuing Education hours required for each two-year licensing period is?☑️Correct
Ans-24 hours
How many hours in ethics and insurance laws and regulations are required in Continuing
Education?☑️Correct Ans-3 hours
Violation of Insurance Code is punishable by up to how long in prison?☑️Correct Ans-1 year
How many days do violators of Insurance Code have to pay any fines received?☑️Correct Ans-
10 days
, How old does an applicant need to be to apply for an insurance license?☑️Correct Ans-18 years
old
Name or address changes must be reported to the Commissioner within how many
days?☑️Correct Ans-30 ays
Producers must maintain transaction records for how many years?☑️Correct Ans-5 years
An expired producer's license may be reinstated within how many months of the due
date?☑️Correct Ans-12 months
If licensed in both life/disability; and prop and casu. what continuing education hours are not
required?☑️Correct Ans-3 hrs Earthquake regulations
How many years must licensees maintain Continuing Education records for after course
completion?☑️Correct Ans-4 years
How many days does an insurer have to file a notice of appointment?☑️Correct Ans-15 days
Within how many days does an insurer have to notify the Commissioner after terminating an
appointment?☑️Correct Ans-30 days
What is the Guaranty Association's Max liability for Workers' comp claims?☑️Correct Ans-The
full claim amount
The Insurance Commissioner must examine an insurer at least once every?☑️Correct Ans-5
years
How many days in advance must a notice of a hearing on unfair trade practices be
sent?☑️Correct Ans-15 days
With Correct Answers
What is the max fine when violating a cease and desist order?☑️Correct Ans-$10,000
The MIN fine per violation of the Insurance Code is:☑️Correct Ans-$100
The MAX fine per violation of the Insurance Code is:☑️Correct Ans-$10,000
How much of a penalty must an insurance producer pay to reinstate an expired
license?☑️Correct Ans-Double the renewal fee
Temp producer licenses may be issued, without examination, for up to how many
days?☑️Correct Ans-180 days
Within how many days does a producer have to report any criminal prosecutions, or civil or
administrative, actions taken against them?☑️Correct Ans-30 days
The total Continuing Education hours required for each two-year licensing period is?☑️Correct
Ans-24 hours
How many hours in ethics and insurance laws and regulations are required in Continuing
Education?☑️Correct Ans-3 hours
Violation of Insurance Code is punishable by up to how long in prison?☑️Correct Ans-1 year
How many days do violators of Insurance Code have to pay any fines received?☑️Correct Ans-
10 days
, How old does an applicant need to be to apply for an insurance license?☑️Correct Ans-18 years
old
Name or address changes must be reported to the Commissioner within how many
days?☑️Correct Ans-30 ays
Producers must maintain transaction records for how many years?☑️Correct Ans-5 years
An expired producer's license may be reinstated within how many months of the due
date?☑️Correct Ans-12 months
If licensed in both life/disability; and prop and casu. what continuing education hours are not
required?☑️Correct Ans-3 hrs Earthquake regulations
How many years must licensees maintain Continuing Education records for after course
completion?☑️Correct Ans-4 years
How many days does an insurer have to file a notice of appointment?☑️Correct Ans-15 days
Within how many days does an insurer have to notify the Commissioner after terminating an
appointment?☑️Correct Ans-30 days
What is the Guaranty Association's Max liability for Workers' comp claims?☑️Correct Ans-The
full claim amount
The Insurance Commissioner must examine an insurer at least once every?☑️Correct Ans-5
years
How many days in advance must a notice of a hearing on unfair trade practices be
sent?☑️Correct Ans-15 days
