Hawaii Insurance Exam Questions With
Correct Answers
The Insurance Commissioner must examine an insurer at least once every?
5 years
How many days in advance must a notice of a hearing on unfair trade practices be sent?
15 days
The fine PER violation for UNKNOWINGLY committing an unfair or deceptive act in the business of
insurance is:
$1,000
The fine PER violation for KNOWINGLY committing an unfair or deceptive act in the business of
insurance is:
$5,000
The MAX fine for UNKNOWINGLY committing an unfair or deceptive act in the business of insurance
is:
$10,000
The MAX fine for KNOWNINGLY committing an unfair or deceptive act in the business of insurance is:
$50,000
What is the max fine when violating a cease and desist order?
$10,000
The MIN fine per violation of the Insurance Code is:
$100
The MAX fine per violation of the Insurance Code is:
$10,000
How much of a penalty must an insurance producer pay to reinstate an expired license?
Double the renewal fee
Temp producer licenses may be issued, without examination, for up to how many days?
180 days
Within how many days does a producer have to report any criminal prosecutions, or civil or
administrative, actions taken against them?
30 days
The total Continuing Education hours required for each two-year licensing period is?
24 hours
, How many hours in ethics and insurance laws and regulations are required in Continuing Education?
3 hours
Violation of Insurance Code is punishable by up to how long in prison?
1 year
How many days do violators of Insurance Code have to pay any fines received?
10 days
How old does an applicant need to be to apply for an insurance license?
18 years old
Name or address changes must be reported to the Commissioner within how many days?
30 ays
Producers must maintain transaction records for how many years?
5 years
An expired producer's license may be reinstated within how many months of the due date?
12 months
If licensed in both life/disability; and prop and casu. what continuing education hours are not
required?
3 hrs Earthquake regulations
How many years must licensees maintain Continuing Education records for after course completion?
4 years
How many days does an insurer have to file a notice of appointment?
15 days
Within how many days does an insurer have to notify the Commissioner after terminating an
appointment?
30 days
What is the Guaranty Association's Max liability for Workers' comp claims?
The full claim amount
What is the Guaranty Association's max liability for the return of unearned premiums?
$10,000 per policy
Correct Answers
The Insurance Commissioner must examine an insurer at least once every?
5 years
How many days in advance must a notice of a hearing on unfair trade practices be sent?
15 days
The fine PER violation for UNKNOWINGLY committing an unfair or deceptive act in the business of
insurance is:
$1,000
The fine PER violation for KNOWINGLY committing an unfair or deceptive act in the business of
insurance is:
$5,000
The MAX fine for UNKNOWINGLY committing an unfair or deceptive act in the business of insurance
is:
$10,000
The MAX fine for KNOWNINGLY committing an unfair or deceptive act in the business of insurance is:
$50,000
What is the max fine when violating a cease and desist order?
$10,000
The MIN fine per violation of the Insurance Code is:
$100
The MAX fine per violation of the Insurance Code is:
$10,000
How much of a penalty must an insurance producer pay to reinstate an expired license?
Double the renewal fee
Temp producer licenses may be issued, without examination, for up to how many days?
180 days
Within how many days does a producer have to report any criminal prosecutions, or civil or
administrative, actions taken against them?
30 days
The total Continuing Education hours required for each two-year licensing period is?
24 hours
, How many hours in ethics and insurance laws and regulations are required in Continuing Education?
3 hours
Violation of Insurance Code is punishable by up to how long in prison?
1 year
How many days do violators of Insurance Code have to pay any fines received?
10 days
How old does an applicant need to be to apply for an insurance license?
18 years old
Name or address changes must be reported to the Commissioner within how many days?
30 ays
Producers must maintain transaction records for how many years?
5 years
An expired producer's license may be reinstated within how many months of the due date?
12 months
If licensed in both life/disability; and prop and casu. what continuing education hours are not
required?
3 hrs Earthquake regulations
How many years must licensees maintain Continuing Education records for after course completion?
4 years
How many days does an insurer have to file a notice of appointment?
15 days
Within how many days does an insurer have to notify the Commissioner after terminating an
appointment?
30 days
What is the Guaranty Association's Max liability for Workers' comp claims?
The full claim amount
What is the Guaranty Association's max liability for the return of unearned premiums?
$10,000 per policy
