Hawaii Adjusters Practice Test
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 again
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Hawaii Adjusters Practice Test
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? - ANS - 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. - ANS - Mileage for
witnesses to attend the hearing
What is the bond limit that is required for a public adjuster's license? - ANS - $10,000
What section of an insurance contract contains the terms used throughout the policy? - ANS -
Definitions
Under the National Flood Insurance Program, replacement cost coverage is available for: - ANS - 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? - ANS - 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 - ANS - Personal effects floater
A Commercial General Liability form provides automatic coverage for newly acquired organizations for
up to - ANS - 90 Days
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 - ANS - 30 Days
Garagekeepers specified causes of loss coverage would apply to each of the following, EXCEPT:
Fire, Windstorm, Falling Objects, or Lightening - ANS - Windstorm
If there were other existing insurance, coverage under crime insurance would be - ANS - Pro Rated
How long must a foreign or alien insurer have transacted business elsewhere in order to transact
business in Hawaii? - ANS - 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: - ANS - 45 days prior to the effective
date
What is the binding authority of a Surplus Lines Broker? - ANS - A surplus broker does not have the
authority to bind risks
Under the discovery clause in the loss sustained policy, which of the following is covered? - ANS - 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. -
ANS - $100/$10,000
Which of the following is generally intended to cover property that moves from one location to another?
- ANS - 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: - ANS - $1,000
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