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You cannot lose your license for submitting business to a ____ company
With your _____ Hawaii producer's license, you can sell in Hawaii only (you would need a ______ license to sell in other states).
All insurers (except for surplus lines and reinsurance carriers) need a ___________ from the Hawaii Insurance Commissioner in order to sell here (regardless of reciprocal agreements between states).
It is not an unfair claims practice to require an insured to provide this before paying a claim.
returning part of your commission to a client as an inducement to buy and is an unfair trade practice.
Commingling of a client's funds with your own is a breach of ____
A producer acts in a fiduciary or “trustee” capacity when
The misappropriation of customer funds is known as
The Commissioner's job is to administer insurance laws to
Insurance may not be referred to as a security (stock) or an investment or a retirement plan.
The purpose of insurance is
when a producer gives a client false information in connection with a new application, It is considered
If the Commissioner suspects a producer of using unfair or deceptive practices, he may ask the producer to
being falsely or maliciously critical of the financial condition of any insurance company or producer
The Commissioner must hold a hearing within ____ days of a request from any person aggrieved by the Commissioner’s actions.
Stating that a producer has knowledge he or she really doesn’t have is
Producers may pay referral fees (not commissions) to unlicensed “referrors” for leads as long as
the person who referred the business
The stated premium must include all EXCEPT:
service fees,
service charges
commissions
general excise tax
Producers must keep insurance records by “class” of insurance for
A producer who illegally writes a policy with an unauthorized insurer who refuses to pay a covered
claim is liable to the insured for
All authorized insurers must join a
You do not need a license to sell this type of insurance
You cannot get a license to principally Insurance to yourself, your family members or employees. . If the total amount of premiums exceeds the total amount on all other business, a violation has occurred (50/50 rule).
is the refusal of a financial institution to approve a loan unless the client agrees to insurance from them (unfair trade practice).
All returned premiums received by producers from insurers who decline to write a new application must be returned to the applicant within ____
It is an unfair trade practice to make projections of future dividends to policyholders that buy nonparticipating policies (only ______ participating policies pay dividends and they are never guaranteed).
who has the power to examine and investigate every "person" engaged in the business of insurance in this state (a "person" could be an individual producer, a business entity producer or agency, or an insurance company).
The maximum fines for unknowingly violating the rules concerning unfair trade practices are
_____ per violation, not to exceed a total fine of ____
Failure of the insurer to send out required claim forms to be completed as proof of loss is an __
When the Commissioner revokes a license, who must be notified
Insurers or producers must notify the Commissioner of a new appointment within ____ of the time their first application is submitted.
A producer may have how many appointments, and represent how many principals/insurers
An agency employee may not make a “binder” of coverage unless they are
Selling insurance Producers represent
you must be at least 18,
live in this state,
pay non- refundable fees and
pass the appropriate licensing examination
in order to obtain
A producer's license must be renewed how often subject to satisfying the Hawaii continuing education (CE) requirements.
Licensees must notify the Commissioner, in writing, of any change of address within ____
No producer may represent an insurer unless that insurer
Domestic insurers (domiciled in Hawaii) must be audited (examined) by the Commissioner at least once ___
No person may pay a commission to an producer and no person may accept a commission unless
Failure to respond within ____ days to claims communications is considered to be an unfair claims settlement practice.
any type of inducement to buy or renew insurance, which is not specified in the policy
When denying a claim, the insurer must show the claimant which ____
Producers may hold a resident license in how many states?
The purpose of the state guaranty association is to protect the customers of
Types of insurers that may be formed in this state include ___, ___, and ___ insurers
Type of insurers may apportion (distribute) their dividends based upon their “divisible” surplus.
The spouse of a deceased or disabled producer may obtain a temporary license from the Commissioner for up to______ months, without exam.
The Commissioner may not order this although the public prosecutor may seek criminal penalties for certain violations, upto a year
a “contract whereby one party agrees to indemnify another”.
A producer cannot modify an insurance ________
If, during either of the last 2 years, a producer’s premiums on controlled business exceeded 50% of his total premiums, he is violation of the
Producers must keep their own records relating to continuing education for
Charging different rates for individuals of the same “class” is
A producer’s license belongs to and must be returned upon expiration or termination
A producer who guarantees that a mutual insurer will pay a dividend is guilty of
A mutual insurer cannot state that their policies are similar to
A producer who misappropriates money belonging to a customer may be guilty of
Granting special favors as an inducement to a sale is known as
