hawaii insurance laws, rules and regulations Exam Questions and Answers 100% pass

hawaii insurance laws, rules and regulations Exam Questions and Answers 100% pass 15 days - Answer- Hearing of unfair trade practices $1,000 - Answer- Unfair trade practice per violation UNKNOWINGLY committed $10,000 - Answer- Unfair trade practice MAX FINE unknowingly committed $5,000 - Answer- Unfair trade practice Per violation KNOWINGLY committed $50,000 - Answer- Unfair trade practice MAXIMUM KNOWINGLY committed $10,000 - Answer- Unfair trade practice MAX for violating a cease and desist $100 - Answer- Insurance code violation Minimum fine per violation $10,000 - Answer- Insurance code violation MAXIMUM fine per violation 1 year - Answer- Insurance code violation imprisonment up to 10 days - Answer- Insurance code violators must pay fines with in 18 years old - Answer- Applicants must be at least 30 days - Answer- Name or address change must be reported to the Commissioner with in 5 years - Answer- Producers ( sales agents) must maintain transaction records for 12 months - Answer- producers license may be reinstated with in __________ from due date with payment of a penalty of double the unpaid licence renewal fee 180 days - Answer- Temporary producer license may be issued without exam for up to 30 days - Answer- Producers must report with in _____________ days any criminal prosecution, or civil administrative actions taken against the producer in any jurisdiction 24 hours - Answer- Continuing Education ( CE ) Total hours for each 2 year licensing period 3 hours - Answer- CE requires _________ hours in ethics and insurance law and regulation 10 hours - Answer- CE requires _________ hours relating to life and disability 11 hours - Answer- CE requires ________ hours for property and casualty 4 years - Answer- Licensees must maintain records for _______ years after course completion. 15 days - Answer- The insurer must file notice of appointment with in _______ days of the agency contract date, or first insurance application 30 days - Answer- An insurer that terminates an appointment must notify the commissioner with in Full amount - Answer- Maximum for workers comp claims $10,000 - Answer- Maximum for the return of unearned premium $300,000 - Answer- Maximum per claimant for all other covered claims $10,000 bond - Answer- Public adjusters are required to post a 5 years - Answer- Brokers records must be maintained for ____ years after contract termination 30 days - Answer- Rates must be filed with commissioner ________ days before effective date 90 days - Answer- workers comp rates must be filed________ days prior to the effective date