HAWAII ADJUSTER UPDATED TEST BANK 2026
FULL SOLUTIONS GRADED A+
⫸ Negligence or a tort. Answer: A legal duty owed is proven and breach of legal duty owed
is also present
⫸ A common carrier is not liable for the loss of a shipper's goods when the loss results from.
Answer: An act of God such as floods, hurricanes or negligence of the shipper (poor
packaging)
⫸ Inland marine insurance is commonly used to insure. Answer: property and goods while
they are on a vessel on the water, coverage ends when goods are offloaded onto land
⫸ A threat of violence or injury in the act of stealing is called. Answer: Robbery, requires
stealing by means of a threat of violence or injury
⫸ After necessary filing for catastrophe, the license is legal to use for ________ days.
Answer: 120 days
⫸ The form used to report the insured's actual and estimated business income under an
Equipment Breakdown policy is called:. Answer: Business income—Report of Values
⫸ What is the name of the standard form for fire insurance in Hawaii?. Answer: The New
York 1943 standard fire form
⫸ A home burns and all of the jewelry is lost. The maximum the insured can collect under
the HO-3 policy for the jewelry is. Answer: S1,500, an unedorsed HO provides ACV for
personal property
⫸ Which of the following best describes the meaning of "contract of adhesion?". Answer:
Since the insurance company formulates the policy, any ambiguitious language favors the
insured
, ⫸ What is the maximum that will be paid under replacement cost coverage under the HO
forms for dwellings?. Answer: The total price to replace the dwelling up to the dwelling
limit, if adequate coverage is in place
⫸ A method of replacing damaged property with something not exactly like the damaged
item, but will perform the same is known as. Answer: Functional Replacement Cost
⫸ Under a watercraft or yacht policy how are claims settled?. Answer: Actual Cash Value
⫸ An auto is described in the schedule of the hired autos endorsement to a business auto
policy. For purposes of BAP coverage, this auto will be treated as. Answer: A covered auto
owned by the named insured
⫸ Entering into any agreement to commit any act resulting in or tending to result in
unreasonable restraint of the business of insurance is an example of. Answer: Coercion
⫸ When an insurance company buys insurance for some of the risks for which it has issued
coverage is. Answer: Reisurance
⫸ When insurance coverage is written on a reporting basis the insured must. Answer:
Submit periodic reports to the insurer
⫸ In case of cancellation or non-renew an auto policy, the insurer must give written notice to
the insured _____ before the date of the cancellation or non-renewal. Answer: 30 days
⫸ Before an insurance company can transact insurance in Hawaii, it must first. Answer:
Obtain a certificate of authority
⫸ Under the Terrorism Risk Insurance Reauthorization Act of 2015, what to government
agencies must certify an act of terror. Answer: The Secretary of the Treasury and The
Secretary of Homeland Security
FULL SOLUTIONS GRADED A+
⫸ Negligence or a tort. Answer: A legal duty owed is proven and breach of legal duty owed
is also present
⫸ A common carrier is not liable for the loss of a shipper's goods when the loss results from.
Answer: An act of God such as floods, hurricanes or negligence of the shipper (poor
packaging)
⫸ Inland marine insurance is commonly used to insure. Answer: property and goods while
they are on a vessel on the water, coverage ends when goods are offloaded onto land
⫸ A threat of violence or injury in the act of stealing is called. Answer: Robbery, requires
stealing by means of a threat of violence or injury
⫸ After necessary filing for catastrophe, the license is legal to use for ________ days.
Answer: 120 days
⫸ The form used to report the insured's actual and estimated business income under an
Equipment Breakdown policy is called:. Answer: Business income—Report of Values
⫸ What is the name of the standard form for fire insurance in Hawaii?. Answer: The New
York 1943 standard fire form
⫸ A home burns and all of the jewelry is lost. The maximum the insured can collect under
the HO-3 policy for the jewelry is. Answer: S1,500, an unedorsed HO provides ACV for
personal property
⫸ Which of the following best describes the meaning of "contract of adhesion?". Answer:
Since the insurance company formulates the policy, any ambiguitious language favors the
insured
, ⫸ What is the maximum that will be paid under replacement cost coverage under the HO
forms for dwellings?. Answer: The total price to replace the dwelling up to the dwelling
limit, if adequate coverage is in place
⫸ A method of replacing damaged property with something not exactly like the damaged
item, but will perform the same is known as. Answer: Functional Replacement Cost
⫸ Under a watercraft or yacht policy how are claims settled?. Answer: Actual Cash Value
⫸ An auto is described in the schedule of the hired autos endorsement to a business auto
policy. For purposes of BAP coverage, this auto will be treated as. Answer: A covered auto
owned by the named insured
⫸ Entering into any agreement to commit any act resulting in or tending to result in
unreasonable restraint of the business of insurance is an example of. Answer: Coercion
⫸ When an insurance company buys insurance for some of the risks for which it has issued
coverage is. Answer: Reisurance
⫸ When insurance coverage is written on a reporting basis the insured must. Answer:
Submit periodic reports to the insurer
⫸ In case of cancellation or non-renew an auto policy, the insurer must give written notice to
the insured _____ before the date of the cancellation or non-renewal. Answer: 30 days
⫸ Before an insurance company can transact insurance in Hawaii, it must first. Answer:
Obtain a certificate of authority
⫸ Under the Terrorism Risk Insurance Reauthorization Act of 2015, what to government
agencies must certify an act of terror. Answer: The Secretary of the Treasury and The
Secretary of Homeland Security
