Hawaii Adjuster Exam Simulator ACTUAL
QUESTIONS AND CORRECT ANSWERS
Coverage F on HO-3 will pay medical expenses for - Correct answers✔Anyone invited onto your
property and injured while there not a resident "Medical Payments to Others"
Negligence or a tort - Correct answers✔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 -
Correct answers✔An act of God such as floods, hurricanes or negligence of the shipper (poor
packaging)
Inland marine insurance is commonly used to insure - Correct answers✔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 - Correct answers✔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 - Correct
answers✔120 days
The form used to report the insured's actual and estimated business income under an Equipment
Breakdown policy is called: - Correct answers✔Business income—Report of Values
What is the name of the standard form for fire insurance in Hawaii? - Correct answers✔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 HO3
policy for the jewelry is - Correct answers✔S1,500, an unedorsed HO provides ACV for personal
property
Which of the following best describes the meaning of "contract of adhesion?" - Correct
answers✔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? - Correct answers✔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 - Correct answers✔Functional Replacement Cost
Under a watercraft or yacht policy how are claims settled? - Correct answers✔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 - Correct answers✔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 - Correct answers✔Coercion
When an insurance company buys insurance for some of the risks for which it has issued
coverage is - Correct answers✔Reisurance
QUESTIONS AND CORRECT ANSWERS
Coverage F on HO-3 will pay medical expenses for - Correct answers✔Anyone invited onto your
property and injured while there not a resident "Medical Payments to Others"
Negligence or a tort - Correct answers✔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 -
Correct answers✔An act of God such as floods, hurricanes or negligence of the shipper (poor
packaging)
Inland marine insurance is commonly used to insure - Correct answers✔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 - Correct answers✔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 - Correct
answers✔120 days
The form used to report the insured's actual and estimated business income under an Equipment
Breakdown policy is called: - Correct answers✔Business income—Report of Values
What is the name of the standard form for fire insurance in Hawaii? - Correct answers✔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 HO3
policy for the jewelry is - Correct answers✔S1,500, an unedorsed HO provides ACV for personal
property
Which of the following best describes the meaning of "contract of adhesion?" - Correct
answers✔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? - Correct answers✔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 - Correct answers✔Functional Replacement Cost
Under a watercraft or yacht policy how are claims settled? - Correct answers✔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 - Correct answers✔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 - Correct answers✔Coercion
When an insurance company buys insurance for some of the risks for which it has issued
coverage is - Correct answers✔Reisurance
