Hawaii Exam Questions and Answers 100% Pass

Hawaii Exam Questions and Answers 100% Pass Advance notice of a hearing on unfair trade practices must be at least ____ days - Answer- 15 Minimum fine for UNKNOWINGLY committing an unfair claim - Answer- $1,000 Maximum fine for UNKNOWINGLY committing an unfair claim - Answer- $10,000 KNOWINGLY committing an unfair trade act imposes ____ fine per violation - Answer- $5,000 Maximum fine for violating a cease and desist order - Answer- $10,000 Maximum fine for KNOWINGLY committing an unfair trade practice - Answer- $50,000 Minimum fine for violating the insurance code - Answer- $100 Maximum fine for violating the insurance code - Answer- $10,000 If someone violates the insurance code they are subject to ___ imprisonment - Answer- 1 year Insurance code violators must pay fines within ___ days - Answer- 10 Producers must maintain transaction records for ___ years - Answer- 5 Name or address change must be reported to the Commissioner within ___ days - Answer- 30 Producers license may be reinstated with __ months from the due date with payment of a penalty - Answer- 12 months Any criminal prosecution, or civil or administrative actions taken against the producer in any jurisdiction must be reported with __ days - Answer- 30 days Hawaii produces/adjusters are required to complete how many hours of continuing education credits? - Answer- 24 hours 3 hours of Hawaii CE credits are required for ... - Answer- insurance laws , regulations, Ethics How many CE hours are required for Life and Disability - Answer- 10 CE hours required for Property and Casualty - Answer- 11 Licensees must maintain CE records for ___ years after course completion - Answer- 4 The insurer must file a notice of appointment within __ days of the agency contracts date or first insurance application - Answer- 15 An insurer that terminates an appointment must notify the Commisioner within __ days - Answer- 30 days The Guaranty Associations maximum liability for a worker's comp claim is __ - Answer- Full amount Maximum liability for the return of unearned premium for the Guaranty Association - Answer- $10,000 The Guaranty Association has a maximum liability for all other covered claims in the amount of ___ - Answer- $300,000 Hawaii public adjusters are required to past a ___ bond - Answer- $10,000 To apply for an adjusters license in Hawaii, the applicant must be at least ___ years old - Answer- 18 Surplus Lines Broker records must be maintained for how many years after contract termination - Answer- 5 years Insurance rates must be files with the Commissioner __ days before the effective date - Answer- 30 days Worker's comp rates must be filed __ days prior to the effective dates - Answer- 90 days In Hawaii, the minimum limit for PIP is __ per person - Answer- $10,000 PIP benefits must be paid within __ days - Answer- 30 days Minimum liability limits for Hawaii auto policy - Answer- 20/40/10