HAWAII ADJUSTERS TOP FORECASTED EXAM 2
FINAL PAPER 2026 COMPLETE QUESTIONS
ANSWERS PREMIUM STUDY GUIDE
◉ An insured who had a $500,000 primary liability policy purchased
a $1 million Umbrella liability policy with a $2,000 self-insured
retention limit. Later, the insured allowed the required underlying
primary policy with a limit of $500,000 to expire. A week after that,
the insured became liable for a $100,000 loss that is not excluded by
the provisions of either the primary underlying liability policy or the
Umbrella policy. How will this loss likely be settled?
Answer: The insured will be liable for the full $100,000 loss
◉ The 165 numbered lines on page 2 of the Standard Fire policy
covers:
Answer: The conditions and exclusions of the policy.
◉ All of the following "personal effects" would be covered by the
Part D -- Additional Coverage of the Personal Watercraft, EXCEPT:
Answer: Jewelry.
◉ Which of the following is true regarding consultations because the
situation is life threatening or could cause serious harm?I. The
attending physician will notify the employer as soon as possibleII.
,The consultant will provide a copy of the consultation report to the
attending physicianIII. The copy of the consultation report must be
given to the employer within 14 calendar days of the examination
Answer: I, II and III
◉ The time period after the policy inception and before the policy
expiration is known as:
Answer: The policy period
◉ No credit will be given to any Hawaii producer for any continuing
education course unless that course has received an approval code
from:
Answer: The Hawaii Insurance Commissioner.
◉ Which of the following statements BEST describes the reason it
was necessary to create a federal flood insurance program in 1968?
Answer: Because other property policies routinely exclude flood
from coverage
◉ An insured is covered under a CGL policy with a "per occurrence"
limit of $4 million and an aggregate limit of $8 million. The insured
also has a Commercial Umbrella policy with a $5 million aggregate
limit and a $100,000 SIR. Two covered claims are submitted, one for
$4 million and one for $5 million. What amount is the retained limit
that will trigger the Umbrella policy to pay on the claim?
,Answer: $8 million
◉ What coverage is used to cover damage to a customer's auto in the
care and custody of a repair garage?
Answer: Garagekeeper's liability
◉ A landlord has wrongfully evicted a tenant. A lawsuit is brought
by the tenant against the landlord. The landlord would need:
Answer: Personal injury coverage
◉ An insured has purchased Coverage A and Coverage B of a
standard Businessowners policy and the limit of insurance shown in
the Declarations is 80% of the replacement cost value, how will
losses be settled?
Answer: Both Coverage A and Coverage B will be settled on a
replacement cost basis
◉ An office building is limited in the number of stories it may
contain and still be eligible for coverage under a standard
Businessowners Policy. This number is:
Answer: Six stories
◉ If an applicant for an insurance license in Hawaii fails the same
licensing examination on two occasions, before permitting that
, applicant to take the state exam again, the Commissioner may
require a waiting period of up to:
Answer: Six months
◉ Which of the following is not a method of showing proof of
financial responsibility in Hawaii?
Answer: A Property Financial Bond
◉ The estimated annual premium for a workers' compensation
policy will be based on all of the following, EXCEPT:
Answer: The average premium of insureds in the same area working
in the same industry
◉ Which of the following methods is specified by the standard NCCI
workers' compensation policy to handle claims payments when
other insurance, including self-insurance, covers the workers'
compensation risk?
Answer: Contribution by equal shares
◉ Which of the following would be covered under a Builders' Risk
form?
Answer: The foundation of the building under construction.
FINAL PAPER 2026 COMPLETE QUESTIONS
ANSWERS PREMIUM STUDY GUIDE
◉ An insured who had a $500,000 primary liability policy purchased
a $1 million Umbrella liability policy with a $2,000 self-insured
retention limit. Later, the insured allowed the required underlying
primary policy with a limit of $500,000 to expire. A week after that,
the insured became liable for a $100,000 loss that is not excluded by
the provisions of either the primary underlying liability policy or the
Umbrella policy. How will this loss likely be settled?
Answer: The insured will be liable for the full $100,000 loss
◉ The 165 numbered lines on page 2 of the Standard Fire policy
covers:
Answer: The conditions and exclusions of the policy.
◉ All of the following "personal effects" would be covered by the
Part D -- Additional Coverage of the Personal Watercraft, EXCEPT:
Answer: Jewelry.
◉ Which of the following is true regarding consultations because the
situation is life threatening or could cause serious harm?I. The
attending physician will notify the employer as soon as possibleII.
,The consultant will provide a copy of the consultation report to the
attending physicianIII. The copy of the consultation report must be
given to the employer within 14 calendar days of the examination
Answer: I, II and III
◉ The time period after the policy inception and before the policy
expiration is known as:
Answer: The policy period
◉ No credit will be given to any Hawaii producer for any continuing
education course unless that course has received an approval code
from:
Answer: The Hawaii Insurance Commissioner.
◉ Which of the following statements BEST describes the reason it
was necessary to create a federal flood insurance program in 1968?
Answer: Because other property policies routinely exclude flood
from coverage
◉ An insured is covered under a CGL policy with a "per occurrence"
limit of $4 million and an aggregate limit of $8 million. The insured
also has a Commercial Umbrella policy with a $5 million aggregate
limit and a $100,000 SIR. Two covered claims are submitted, one for
$4 million and one for $5 million. What amount is the retained limit
that will trigger the Umbrella policy to pay on the claim?
,Answer: $8 million
◉ What coverage is used to cover damage to a customer's auto in the
care and custody of a repair garage?
Answer: Garagekeeper's liability
◉ A landlord has wrongfully evicted a tenant. A lawsuit is brought
by the tenant against the landlord. The landlord would need:
Answer: Personal injury coverage
◉ An insured has purchased Coverage A and Coverage B of a
standard Businessowners policy and the limit of insurance shown in
the Declarations is 80% of the replacement cost value, how will
losses be settled?
Answer: Both Coverage A and Coverage B will be settled on a
replacement cost basis
◉ An office building is limited in the number of stories it may
contain and still be eligible for coverage under a standard
Businessowners Policy. This number is:
Answer: Six stories
◉ If an applicant for an insurance license in Hawaii fails the same
licensing examination on two occasions, before permitting that
, applicant to take the state exam again, the Commissioner may
require a waiting period of up to:
Answer: Six months
◉ Which of the following is not a method of showing proof of
financial responsibility in Hawaii?
Answer: A Property Financial Bond
◉ The estimated annual premium for a workers' compensation
policy will be based on all of the following, EXCEPT:
Answer: The average premium of insureds in the same area working
in the same industry
◉ Which of the following methods is specified by the standard NCCI
workers' compensation policy to handle claims payments when
other insurance, including self-insurance, covers the workers'
compensation risk?
Answer: Contribution by equal shares
◉ Which of the following would be covered under a Builders' Risk
form?
Answer: The foundation of the building under construction.
