Better Hawaii Adjuster's Exam Practice

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• What must an employer do for workers' compensation to cover an employee working in a different state?
• What does a liberalization clause in an insurance policy aim to achieve?
• Which of the following best describes surplus lines insurance?
• Which of the following is an essential characteristic of insurance?
• What is the maximum coverage provided by a minimum Hawaii policy for bodily injury per person involved in an accident?
• What does 'consent to settle' primarily relate to?
• When should an insured notify the insurer of a claim?
• A DP1 covers fire, lightning, and internal explosion, but does not cover what?
• What is the term used for a license to conduct business in Hawaii?
• Who is authorized to prosecute insurance producers who violate Hawaii Insurance laws?
• What is the required bond amount for an adjuster to hold?
• What term is used for someone who takes money or property from an employee while away from the premises?
• How much will an insurance company pay for an $80,000 loss on a building valued at $100,000 insured for $80,000 with an 80% coinsurance clause?
• Which type of property would typically be eligible under a Businessowners Policy (BOP)?
• What happens if an insured sells his home but does not cancel the insurance policy and the home subsequently burns down?
• When an insurance company makes payment for lost or damaged property, the salvage belongs to?
• A surplus lines broker must file with the commissioner a statement of all surplus lines insurance transactions acted during which time period?
• What is permanent disability?
• In a bond, who is the person doing the work referred to as?
• Does personal injury coverage include protection against wrongful eviction?
• For what reason must insureds provide proof of financial responsibility?
• Proof of financial responsibility may be given by filing which of the following?
• What clause in property insurance policies prohibits abandoning damaged property to the insurer?
• What is the primary role of insurance agents?
• What type of insurance company is owned by its policyholders?
• Which of the following statements is not correct regarding qualifications for an adjuster's license?
• If Betty has a minimum policy of 10/20 and is at fault in an accident in NY, what will her insurance cover for total damages of $33,000?
• Who typically participates in a joint underwriting plan?
• What action can be taken against an insurer for unfair claims settlement practices?
• Where can one typically find the insured's name in an insurance document?
• Under what condition will a commissioner refuse to issue a license to an agent?
• What event occurs as the result of an unbroken sequence of conditions?
• Which of the following is typically covered by inland marine insurance?
• What is the waiting period for workers' compensation income benefits in Hawaii?
• What term refers to the voluntary surrender of a right, claim, or privilege?
• What is the role of "messenger" in the context of insured property?
• An insurance policy formed outside of Hawaii is referred to as what?
• What is the minimum written notice period an insurer must provide before cancelling or refusing to renew a motor vehicle insurance policy?
• If an insured has a $100 deductible and submits three claims of $300, $200, and $50, what will the total compensation be?
• What is the role of the surety in a bond?
• If an insured has two different insurance coverages, how is a loss typically paid?
• In a bond, who is referred to as the one paying the bills?
• What kind of actions are prohibited for surplus lines insurance?
• Which type of insurance provides protection with indemnity coverage?
• What type of coverage protects a driver in an accident with an uninsured motorist?
• What does the term 'direct loss' specifically refer to?
• Which of the following is an example of express authority?
• In Hawaii, how frequently must surplus lines brokers submit statements to the commissioner?
• What type of auto coverage will apply if an unlicensed driver collides with your vehicle?
• What is issued by the Commissioner to authorize a business to operate?
• What frequently leads to the exclusion of employee dishonesty from a BOP?
• Which of the following is NOT typically covered under a standard homeowner's policy?
• What is a key feature of uninsured motorist coverage in Hawaii?
• What do we call an agreement between the insured and the insurer in which certain conditions must be met?
• Which type of insurance covers damage caused by acts of God, such as earthquakes and floods?
• What is the primary purpose of workers' compensation insurance?
• Which statement regarding premium rates under Hawaii no-fault insurance is correct?
• An agreement to adjust the value of a claim before a dispute arises is an example of which process?
• Which of the following coverages may be specifically requested in a BOP?
• What is the process called when an insured and insurer disagree on the amount of loss?
• Which of the following best describes the status of automatic coverage in a BOP?
• In relation to insurance, what does the term "fiduciary capacity" refer to?
• When providing notice of policy cancellation or refusal to renew, what is the minimum requirement in terms of written communication?
• What is defined as the original occurrence in an unbroken chain of events that results in a loss?
• Who should be considered a named insured?
• How much is the aggregate limit per person for personal injury protection benefits included in every motor vehicle insurance policy?
• A company that statutes it will insure a building must clearly state what in the insurance contract?
• Which of the following is considered the most severe type of injury under Workers Compensation?
• What type of loss is caused by a damaged sprinkler leading to water damage?
• Which of the following has been abolished as a result of personal injury protection (no-fault) coverage?
• What is the name of the fire policy commonly used in Hawaii?
• In insurance, how is "vacancy" defined?
• If an insured has a pair and set coverage for $5,000 and loses one item valued at $500, how much would the insurance pay?
• What is the term for an insured who deliberately fails to disclose that they only own a partial interest in the property?
• What type of coverage usually protects the insured against personal liability claims?
• What does the premium received by an adjuster represent in their fiduciary capacity?
• What is the minimum coverage limit for a Personal Auto Policy (PAP)?
• What is defined as a condition that increases the possibility of loss?
• What is typically the purpose of a waiver in insurance?
• What are the minimum limits of automobile insurance liability required in the state of Hawaii?
• What type of letter is sent when an insured fails to report a claim in a reasonable amount of time?
• Who has the authority to appoint an insurance producer in Hawaii?
• How should a surplus line insurer act in the state of Hawaii?
• What is the definition of an accident in insurance terms?
• After a loss has been paid, who retains ownership of the salvage?
• Is Worker's Compensation classified as a type of casualty insurance?
• What is the practice of returning a portion of an agent's commission to the insured called?
• Which of the following best describes a representation in an insurance application?
• What is one key benefit of a BOP for small business owners?
• What is printed on the stamp given to the insured when purchasing surplus lines insurance?
• Would inland marine insurance typically cover a warehouse?
• Who does not require a license to operate in the insurance field?
• Who is responsible for ensuring that surplus lines insurers comply with state regulations?
• What is the main purpose of Professional Liability insurance for medical professionals?
• What is a common term for the coverage of employees against dishonest acts?
• In the context of insurance, what is a salvage?
• What is the duty of guaranty associations in Hawaii?
• What should a yacht owner ensure before sailing in different waters than stated in their insurance application?
• How is the cost to replace an asset at the same or equal value referred to?
• What term describes losses not inflicted by the peril itself but as a result of a direct loss?
• Who is protected under a Fidelity Bond?
• Which class of insureds would not qualify for coverage under the Hawaii joint underwriting plan?
• Which of the following describes an insurance company that operates solely within Washington state?
• Which term best describes the risk associated with an insurance policy?
• What determines the premium paid for an insurance policy?
• How long should an insured keep records in the business?
• An insured must comply with certain conditions of the policy for coverage to remain active. What are these called?
• What is an example of a moral hazard?
• An unauthorized insurance company may also be referred to as a?
• HEMIC provides what type of insurance?
• What is a common characteristic of hard fraud in the insurance context?
• In a bond, the party that guarantees the performance of the principal is known as what?
• What ensures that an insurance policyholder's rights are protected when a loss occurs?
• For how many years must a producer maintain accounts or records of all insurance transactions?
• Which type of insurance covers employee injuries that happen during the course of employment?
• Which document summarizes the main features of an insurance policy, including the insured's name?
• Which of the following describes liability that arises by assumption under a contract?
• What is described as loss or damage caused by the unlawful taking of property?
• Failing to respond to communications from insureds within how many business days is considered an unfair claims settlement practice?
• What does a Personal Umbrella Policy provide to its insured?
• What legal concept prevents a party from asserting a fact because another party relied on certain statements made by them?
• Who has the authority to appoint the Insurance Commissioner?
• Where in an insurance contract is the insurer's promise outlined?
• Making distinctions in the premium rates charged for insurance between insureds or property having like insuring or risk characteristics is an example of?
• Failure to acknowledge claims within a reasonable time is considered what?
• Which policy provision allows an insured to transfer their interest in the policy?
• How many days does an insurance company have to acknowledge notice of claims?
• What term describes the process where one party seeks compensation from a third party responsible for a loss?
• What is the role of a person acting on behalf of an insurance company?
• What term describes behavior that changes due to the comfort provided by insurance protections?
• What is referred to as a certificate of authority in the insurance industry?
• In insurance terminology, what is considered a 'peril'?
• Who establishes the insurance rates for a company?
• If an insurance company fails to inform the mortgage company about the cancellation of a policy, what is the outcome if the property is damaged?
• How is physical harm to tangible property, including loss of rent or hotel bills, categorized?
• Producers licensed to transact property and casualty insurance must complete how many hours of continuing education every biennium focused solely on Hawaii laws and rules?
• If a subcontractor without a workers' compensation plan is injured, how is the loss paid?
• The promise that the insurance company will restore the insured to prior position is known as?
• When policyholders agree to transfer their insurance proceeds to another entity after a loss, what is this arrangement known as?
• What term describes the obligation imposed on either the insured or insurer in an insurance contract?
• What type of risks are typically covered under a standard homeowner's policy?
• Is every insurer required to file with the commissioner of insurance in the state of Hawaii for rated inland marine risks?
• A statement given by an insured following a loss is known as?
• What happens when an insurance producer allows their license to expire?
• In event of a loss, which insurance principle suggests that the insured should not profit from a claim?
• Who belongs to the Hawaii joint underwriting plan?
• Which agreement in an insurance contract outlines the rights and obligations of both parties?
• What type of insurance provides coverage following the individual rather than the property insured?
• What is the purpose of a joint underwriting plan?
• True or False: The purpose of the Hawaii personal injury protection (PIP) insurance law is to eliminate tort liability cases.
• What should a policyholder do to maintain peace of mind regarding their coverage?
• What is the average age requirement to become a licensed adjuster in most states?
• With regard to workers' compensation laws in Hawaii, which statement is not correct?
• What provides temporary insurance coverage while awaiting approval from the insurance company?
• What is the difference between a bond and insurance?
• If an insured yacht is used in a manner inconsistent with its declared usage, what effect might this have?
• In Hawaii, how many days does a licensee have to notify the commissioner of a change of address?
• If an insurer violates any section of the insurance code, what can the commissioner issue to stop the insurer from committing the violation?
• What type of insurance plan is designed to cover condominiums?
• What provision excludes coverage for a lost item of considerable value if the cause cannot be sufficiently explained?
• What does soft fraud typically involve?
• What is the term for the authority granted to an agent to sell insurance?
• What is the part of the policy that removes coverages?
• Under a Businessowners Policy (BOP), coverage is extended how many feet from the building?
• If an adjuster is a fiduciary agent and receives a premium, what must they do with it?
• How many days does a commissioner allow for a hearing?
• A person whose license is revoked or suspended is required to provide what?
• Which of the following describes a risk associated with property insurance?
• What is the primary benefit of personal injury protection insurance as mandated in Hawaii?
• What is the primary purpose of a deductible in an insurance policy?
• What is defined as a yacht lay up?
• What is included in business income?
• What is described as a standardized set of agreements offered by one party to another on a 'take it or leave it' basis?
• What term describes the act of deliberately planning or faking a loss for insurance benefits?
• Which coverage may be added by endorsement to an equipment breakdown policy?
• What is it called when an insured leaves a burned-down building to the insurer because they do not want it anymore?
• In marine insurance, what could be the outcome if the yacht sails outside the specified area of coverage?
• Which of the following statements is not correct regarding surplus lines insurance?
• An order and notice of commissioner will not be effective unless?
• What is the main purpose of a warranty in an insurance contract?
• What might happen if a yacht owner misrepresents where the yacht will be used in their marine insurance application?
• What is the document called that serves as proof that an insurance policy is active?
• How many times can the commissioner inspect a business according to the state of Hawaii law?
• A salesperson having possession of the insured's property on premises is referred to as what?
• Which statement regarding workers' compensation coverage in Hawaii is not correct?
• What is a potential consequence of breaching a warranty in a marine insurance contract?
• What does a DP1 policy not include coverage for without an endorsement?
• What is a primary role of a surplus lines producer?
• Which homeowner's insurance form provides the least amount of coverage against perils?
• Where would you find a named insured on the Businessowners Policy (BOP)?
• Payment of PIP benefits must be made within how many days after the insurer has received reasonable proof of loss?
• Which of the following best describes "indirect loss"?
• Which type of liability typically does NOT arise from negligence?
• Which type of insurance is typically associated with marine coverage?
• What type of insurance coverage is specifically designed for home renters?
• How is actual cash value defined in insurance?
• Which scenario is an example of a temporary substitute vehicle?
• What is the term for a significant failure to disclose information that impacts an insurance policy?
• Which entity has the authority to suspend a license issued under Hawaii law?
• What is a common reason for denial of a claim in a marine insurance policy?
• What type of insurance provides excess coverage over underlying insurance along with broader coverage?
• Which type of coverage does the Personal Auto Policy (PAP) not provide?
• Which term refers to someone who has a financial interest in a bond?
• What coverage would you expect to be automatically included in a BOP?
• What does an insurance agreement represent?
• If an insurance producer lets their license lapse, what is the timeframe within which they can reinstate it without taking an examination?
• What type of contract is established when one party agrees to indemnify another?
• Under what circumstances would an insurance company NOT provide coverage for a rental vehicle?
• If a house valued at $100,000 is insured for $80,000 and it burns down requiring $15,000 for debris removal, what will the insurance company payout?
• Forcible removal of property from a messenger through the threat of violence is referred to as?
• Which authority is responsible for issuing a cease and desist order against an insurer in violation of the insurance code?
• What is the role of coverage limits in an insurance policy?
• What is the legal term for the unlawful entry into a structure with the intent to commit theft or another felony?
• What is the primary purpose of liability insurance?
• In workers' compensation cases, what is the maximum payment for an injury?
• Which coverage is NOT automatically included in a Businessowner's Policy (BOP)?
• How many days does the insurer have to pay PIP coverage?
• In the context of insurance, what does the term "morale hazard" refer to?
• What do coverage limits refer to in insurance policies?
• Who benefits from auto coverage provided at no cost under JUP?
• Which of the following would not be considered a reason for a claims practice to be deemed unfair?
• What is a risk?
• What type of contract protects a policyholder from financial losses and follows the person rather than the property?
• At what age must an individual be to qualify as an adjuster?
• How much would the insurer pay if the total contents stolen are worth $10,000 with an additional $3,000 in cash and a $250 deductible?
• What does liability insurance primarily cover?
• What term describes an unintended occurrence causing injury or damage?
• What type of event will the other than collision coverage pay for?
• What type of behavior involves intentional or deliberate actions?
• Which of the following best describes a situation where an individual becomes permanently disabled?
• Which clause in an insurance policy allows for adjustments in coverage to comply with new regulations?
• Under the Hawaii Insurance Guaranty Association Act, can members be assessed more than 10% of their annual direct written premium?
• What does Workers Compensation insurance primarily cover?
• What must the stamp for surplus lines insurance policies clearly indicate?
• What term describes the transfer of legal rights or interest in an insurance policy to another party?