Hawaii Insurance exam Questions and Answers(A+ Solution guide)

The Insurance Commissioner must examine an insurer at least once every? -Answer-5 years How many days in advance must a notice of a hearing on unfair trade practices be sent? -Answer-15 days The fine PER violation for UNKNOWINGLY committing an unfair or deceptive act in the business of insurance is: -Answer-$1,000 The fine PER violation for KNOWINGLY committing an unfair or deceptive act in the business of insurance is: -Answer-$5,000 The MAX fine for UNKNOWINGLY committing an unfair or deceptive act in the business of insurance is: -Answer-$10,000 The MAX fine for KNOWNINGLY committing an unfair or deceptive act in the business of insurance is: -Answer-$50,000 What is the max fine when violating a cease and desist order? -Answer-$10,000 The MIN fine per violation of the Insurance Code is: -Answer-$100 The MAX fine per violation of the Insurance Code is: -Answer-$10,000 How much of a penalty must an insurance producer pay to reinstate an expired license? -AnswerDouble the renewal fee Temp producer licenses may be issued, without examination, for up to how many days? -Answer-180 days Within how many days does a producer have to report any criminal prosecutions, or civil or administrative, actions taken against them? -Answer-30 daysThe total Continuing Education hours required for each two-year licensing period is? -Answer-24 hours How many hours in ethics and insurance laws and regulations are required in Continuing Education? - Answer-3 hours Violation of Insurance Code is punishable by up to how long in prison? -Answer-1 year How many days do violators of Insurance Code have to pay any fines received? -Answer-10 days