Hawaii property and casualty practice exam

1. How many continuing education hours must a Hawaii producer licensed in only one line group, such as property and casualty, complete each renewal cycle?

1. 12 hours, including 2 hours of ethics or Hawaii law
2. 24 hours, including 3 hours of ethics or Hawaii insurance law
3. 20 hours, including 4 hours of ethics or Hawaii law
4. 30 hours, including 6 hours of ethics or Hawaii law

2. Under HRS 431:9A-155, what happens to CE credit hours a Hawaii producer earns beyond the amount required in a renewal cycle?

1. They carry over to the next cycle without limit
2. Up to 6 hours carry over to the next cycle
3. They are refunded as a reduction in renewal fees
4. They cannot be carried over to a later renewal cycle

1. Under HRS 431:10C-301, what are the minimum motor vehicle liability limits for bodily injury and property damage in Hawaii?

1. $20,000 per person, $40,000 per accident, and $10,000 property damage
2. $25,000 per person, $50,000 per accident, and $25,000 property damage
3. $40,000 per person, $80,000 per accident, and $20,000 property damage
4. $30,000 per person, $60,000 per accident, and $15,000 property damage

1. Under HRS 431:10C-103.5, basic personal injury protection (PIP) benefits in Hawaii are subject to what aggregate limit per person?

1. $10,000
2. $5,000
3. $15,000
4. $25,000

2. Hawaii preserves the right to sue in tort after a motor vehicle accident when the PIP benefits incurred by the injured person equal or exceed what amount?

1. $5,000
2. $2,500
3. $7,500
4. $10,000

3. How are PIP benefits that remain unpaid after the 30-day payment period treated under Hawaii's motor vehicle insurance law?

1. They accrue interest at 6 percent per year
2. They accrue interest at 1.5 percent per month
3. They accrue interest at 1.5 percent per week
4. They accrue no interest but trigger a license penalty

1. How many days before the effective date must a Hawaii insurer mail written notice to cancel or not renew a motor vehicle policy for a reason other than nonpayment?

1. Not fewer than 10 days
2. Not fewer than 20 days
3. Not fewer than 45 days
4. Not fewer than 30 days

2. A Hawaii insurer cancels a motor vehicle policy for nonpayment of premium. How much advance written notice must it mail?

1. Not fewer than 10 days
2. Not fewer than 30 days
3. Not fewer than 20 days
4. Not fewer than 60 days

1. Which insurers must belong to the Hawaii Joint Underwriting Plan under HRS 431:10C-401?

1. Only insurers that write nonstandard auto policies
2. All insurers authorized to write motor vehicle insurance in the State
3. Only domestic insurers with Hawaii home offices
4. Insurers that voluntarily choose to participate

2. How do member insurers share the writings, expenses, profits, and losses of the Hawaii Property Insurance Association?

1. In proportion to each member's net direct written premiums for the prior calendar year
2. Equally among all members regardless of premium volume
3. In proportion to each member's total number of policyholders
4. In proportion to each member's claim losses for the prior year

1. Under HRS 431:16-108, what is the most the Hawaii Insurance Guaranty Association pays on a covered claim other than workers' compensation or unearned premium?

1. $100,000 per claim
2. $250,000 per claim
3. $500,000 per claim
4. $300,000 per claim

2. How does the Hawaii Insurance Guaranty Association treat a covered claim for workers' compensation benefits when an insurer becomes insolvent?

1. It pays up to $300,000 per claim
2. It pays up to $100,000 per claimant
3. It pays the full amount with no dollar cap
4. It pays only the first 52 weeks of benefits

1. Under HRS 386-31(b), temporary total disability benefits in Hawaii are generally what share of the employee's average weekly wages?

1. 66 and two-thirds percent
2. 50 percent
3. 60 percent
4. 80 percent

1. Under HRS 431:13-103(a)(11), within how many working days at most must an insurer respond to communications about a claim from its policyholder or the commissioner?

1. Five working days
2. Ten working days
3. Fifteen working days
4. Thirty working days

2. Under HRS 431:13-103(a)(11), when must an insurer offer payment once liability is affirmed and the amount of the claim is determined and not in dispute?

1. Within 10 calendar days of affirmation of liability
2. Within 30 calendar days of affirmation of liability
3. Within 15 calendar days of affirmation of liability
4. Within 60 calendar days of affirmation of liability