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