Better Hawaii Adjuster's Exam | 160 Questions With 100% Correct Answers | Verified | Latest Update 2024

Which of the following best describes a representation in an insurance application? {Ans: A representation is a statement made by which she believes to be true when made, but may be proven false}If an insured has a pair and set coverage, and ensures the set for $5000, and lists one for $500, how much would the insurance pay if one is missing? {Ans: $4500}If a BOP leave his skylight door open, and the content of the building is stolen, and total contents were worth $10,000, and also $3000 cash, with a $250 deductible, how much will the insurer received from the insurance company? {Ans: $9750...BOP does not cover theft of money}What will pay for an unlicensed driver driving a truck who hits you? {Ans: PAP}A producer must maintain accounts or records of all insurance transactions for how many years? {Ans: 5}Exaggerating a claim to inflate the indemnity {Ans: Soft fraud}Is a license issued by the Commissioner to do business {Ans: A certificate of Authority}What is a certificate of authority {Ans: Insurance coverage}What is fire considered {Ans: Peril}An unauthorized insurance company may also be referred to as a {Ans: Surplus lines