Hawaii Property & Casualty Insurance License Exam — All Questions
3 questions
Which body regulates insurance and licenses property and casualty producers in Hawaii?
- a.The Insurance Division of the Department of Commerce and Consumer Affairs (DCCA)✓
- b.The Hawaii Department of Transportation
- c.The county insurance boards
- d.The Hawaii Guaranty Fund
Hawaii's insurance regulator is the Insurance Division of the Department of Commerce and Consumer Affairs (DCCA), led by an Insurance Commissioner. It licenses producers and oversees insurers, self-insurers, and captives.
A Hawaii producer offers to pay part of a client's premium out of the producer's commission to close a sale. This is:
- a.Allowed if the client agrees
- b.Allowed for homeowners policies only
- c.Prohibited rebating under Hawaii's unfair trade practices law✓
- d.Required to be disclosed but otherwise lawful
Rebating — giving any part of the premium or commission or other valuable consideration as an inducement to buy — is prohibited in Hawaii. It can create unfair discrimination among insureds and is grounds for discipline by the Commissioner.
Under Hawaii law, an insurer's mid-term cancellation of a seasoned personal auto policy is generally:
- a.Limited to specific statutory grounds and requires advance written notice to the insured✓
- b.Allowed at any time for any reason without notice
- c.Prohibited entirely once issued
- d.Handled only by the DCCA, not the insurer
Hawaii restricts mid-term cancellation of in-force personal-lines policies to defined grounds and requires advance written notice so the insured can obtain replacement coverage. Specific notice periods are set by statute; confirm current figures with the DCCA Insurance Division.