Hawaii Adjusters Practice Test questions
and (VERIFIED) answers rated A+
How long must a foreign or alien insurer have transacted business elsewhere in order to
transact business in Hawaii? - Correct Answer-5 Years
Under the Commercial Property Liberalization Clause, if the insurer makes any
coverage revision which broadens the coverage without an additional premium charge,
it will automatically apply to existing policies if the revision is adopted during the policy
term or within: - Correct Answer-45 days prior to the effective date
What is the binding authority of a Surplus Lines Broker? - Correct Answer-A surplus
broker does not have the authority to bind risks
What is the bond limit that is required for a public adjuster's license? - Correct Answer-
$10,000
What section of an insurance contract contains the terms used throughout the policy? -
Correct Answer-Definitions
Under the National Flood Insurance Program, replacement cost coverage is available
for: - Correct Answer-Single family dwellings only.
In order to receive full replacement cost recovery on a covered loss under a BOP, the
named insured must maintain insurance limits equal to at least what percentage of the
covered property's full replacement value? - Correct Answer-80% of the property value
The inland marine coverage form that covers clothing, cameras and other portable
property worn or carried by tourists and travelers is a - Correct Answer-Personal effects
floater
A Commercial General Liability form provides automatic coverage for newly acquired
organizations for up to - Correct Answer-90 Days
Under the Standard Fire policy, how many days of coverage is provided by the policy to
cover property moved to another location when the property is endangered by the perils
insured against under the policy? - Correct Answer-5 days
When the Hawaii Department is investigating possible insurance law violations, the
Commissioner will pay all of the following, EXCEPT:
Answer Choices:
Cost to search for items designated by the subpoena.
, Mileage for witnesses to attend the hearing.
Costs to reproduce records relating to the case.
Costs to transport the books, papers, documents or records relating to the case. -
Correct Answer-Mileage for witnesses to attend the hearing
Under the Additional Coverages of the Businessowners Property forms, property
removed to protect it from loss will be covered at another location for up to - Correct
Answer-30 Days
Garagekeepers specified causes of loss coverage would apply to each of the following,
EXCEPT:
Fire, Windstorm, Falling Objects, or Lightening - Correct Answer-Windstorm
If there were other existing insurance, coverage under crime insurance would be -
Correct Answer-Pro Rated
Under the discovery clause in the loss sustained policy, which of the following is
covered? - Correct Answer-A loss discovered up to one year after the policy expired but
that occurred during the policy period
Any person who violates any provision of the Code for which another penalty is not
specified may be subject to a fine of not less than ______nor more than ______, or by
imprisonment for up to one year. - Correct Answer-$100/$10,000
Which of the following is generally intended to cover property that moves from one
location to another? - Correct Answer-Floaters
Any person that knowingly violates the provisions concerning the handling of a Personal
Injury Protection (PIP) motor vehicle insurance applications or the provisions concerning
cancellation or nonrenewal of PIP insurance, will be subject to a civil penalty up to: -
Correct Answer-$1,000
An insurer or licensee must respond in writing to an inquiry from the Hawaii Insurance
Commissioner regarding a consumer complaint within: - Correct Answer-15 Days
Under the "regular program" a flood insurance policy will insure a single family
residence for up to: - Correct Answer-$250,000
Under the emergency flood program the dwelling is covered for - Correct Answer-
$35,000
Which of the following is correct regarding the differences in coverage between an HO-3
and an HO-5? - Correct Answer-HO-3 covers personal property on a named peril basis,
while personal property under an HO-5 is covered on an open peril basis.
and (VERIFIED) answers rated A+
How long must a foreign or alien insurer have transacted business elsewhere in order to
transact business in Hawaii? - Correct Answer-5 Years
Under the Commercial Property Liberalization Clause, if the insurer makes any
coverage revision which broadens the coverage without an additional premium charge,
it will automatically apply to existing policies if the revision is adopted during the policy
term or within: - Correct Answer-45 days prior to the effective date
What is the binding authority of a Surplus Lines Broker? - Correct Answer-A surplus
broker does not have the authority to bind risks
What is the bond limit that is required for a public adjuster's license? - Correct Answer-
$10,000
What section of an insurance contract contains the terms used throughout the policy? -
Correct Answer-Definitions
Under the National Flood Insurance Program, replacement cost coverage is available
for: - Correct Answer-Single family dwellings only.
In order to receive full replacement cost recovery on a covered loss under a BOP, the
named insured must maintain insurance limits equal to at least what percentage of the
covered property's full replacement value? - Correct Answer-80% of the property value
The inland marine coverage form that covers clothing, cameras and other portable
property worn or carried by tourists and travelers is a - Correct Answer-Personal effects
floater
A Commercial General Liability form provides automatic coverage for newly acquired
organizations for up to - Correct Answer-90 Days
Under the Standard Fire policy, how many days of coverage is provided by the policy to
cover property moved to another location when the property is endangered by the perils
insured against under the policy? - Correct Answer-5 days
When the Hawaii Department is investigating possible insurance law violations, the
Commissioner will pay all of the following, EXCEPT:
Answer Choices:
Cost to search for items designated by the subpoena.
, Mileage for witnesses to attend the hearing.
Costs to reproduce records relating to the case.
Costs to transport the books, papers, documents or records relating to the case. -
Correct Answer-Mileage for witnesses to attend the hearing
Under the Additional Coverages of the Businessowners Property forms, property
removed to protect it from loss will be covered at another location for up to - Correct
Answer-30 Days
Garagekeepers specified causes of loss coverage would apply to each of the following,
EXCEPT:
Fire, Windstorm, Falling Objects, or Lightening - Correct Answer-Windstorm
If there were other existing insurance, coverage under crime insurance would be -
Correct Answer-Pro Rated
Under the discovery clause in the loss sustained policy, which of the following is
covered? - Correct Answer-A loss discovered up to one year after the policy expired but
that occurred during the policy period
Any person who violates any provision of the Code for which another penalty is not
specified may be subject to a fine of not less than ______nor more than ______, or by
imprisonment for up to one year. - Correct Answer-$100/$10,000
Which of the following is generally intended to cover property that moves from one
location to another? - Correct Answer-Floaters
Any person that knowingly violates the provisions concerning the handling of a Personal
Injury Protection (PIP) motor vehicle insurance applications or the provisions concerning
cancellation or nonrenewal of PIP insurance, will be subject to a civil penalty up to: -
Correct Answer-$1,000
An insurer or licensee must respond in writing to an inquiry from the Hawaii Insurance
Commissioner regarding a consumer complaint within: - Correct Answer-15 Days
Under the "regular program" a flood insurance policy will insure a single family
residence for up to: - Correct Answer-$250,000
Under the emergency flood program the dwelling is covered for - Correct Answer-
$35,000
Which of the following is correct regarding the differences in coverage between an HO-3
and an HO-5? - Correct Answer-HO-3 covers personal property on a named peril basis,
while personal property under an HO-5 is covered on an open peril basis.
