Stuff Flashcards
The commissioner must examine an insurer at least once every __ years?
5
Advance notice of a hearing on unfair trade practices must be at least how many days?
15
Penalty per violation fine for unknowingly committing an unfair act
$1,000
Maximum fine for unknowingly committing an unfair act
$10,000
Per violation fine for knowingly committing an unfair act
$5,000
Maximum fine for knowingly committing an unfair act
$50,000
Maximum fine for violating a cease and desist order (each violation)
$10,000
Insurance code violation penalty maximum and minimum
$100 to $10,000
Imprisonment maximum for insurance code violation
1 year
for insurance code violations, violators must pay fines within how many days?
10
Applicants must be at least how many years old?
18
A Name or address change must be reported to the commissioner within how many days
30
Producers must maintain transaction records for how many years?
5
Producer’s license may be reinstated within ___ months from the due date with payment of a penalty of double the unpaid license renewal fee
12 months
How long can a temporary producer license be issued (without an examination)
180 days
Producers must report within __ days any criminal prosecution, or civil administrative actions taken against the producer in any jurisdiction
30 days
Total CE hours required for each two-year licensing period
24 hours
Hours required in ethics and insurance law and regulations
3
If licensed in both life and/or disability, and property an casualty, then what CE hours are required
10 relating to life and disability
11 hours in property and casualty
3 hours in ethics and insurance law+ regulations
Licensees must maintain CE record for ___ years after completion.
4 years
The insurer must file a notice of appointment within __ days of the agency contract date, or first insurance application
15 days
An insurer that terminates an appointment must notify the commissioner within ___ days
30 days
Hawaii public adjusters are required to post a $___ bond
$10,000
The association’s maximum liability for worker’s compensation claims
Full Amount
The association’s maximum liability for the return of unearned premiums
$10,000
The association’s maximum liability per claimant for all other covered claims
$300,000
In surplus lines, the broker records must be maintained for how long after contract termination?
5 years
Rates must be filed with the commissioner ___ days before the effective date
30 days
Worker’s comp rates must be filed __ days prior to the effective date
90 days
Minimum PIP limit per person in Hawaii
$10,000
Pip benefits must be paid within___ days
30
Minimum liability Limits in Hawaii for motor vehicles, motorcycles, and motor scooters
$20,000 Bodily Injury per person
$40,000 Bodily injury per occurrence
$10,000 Property Damage
20/40/10
Notice of cancellation or non renewal required
30 days
Cancellation notice for nonpayment of premiums required
20 days
