Hawaii Surplus Lines study guide
Hawaii Surplus Lines · Work through your exam, one topic at a time.
The Hawaii Surplus Lines license is a property and casualty authority that lets a licensed producer place coverage with non-admitted insurers when admitted carriers in Hawaii will not write the risk. It is built for producers who already hold a Hawaii property and casualty license and want to serve clients with unusual, high-hazard, or hard-to-place exposures. The Hawaii Insurance Division sets the licensing requirements, while Pearson VUE administers the licensing examinations and handles scheduling, rescheduling, and cancellations through its online account system. The exam tests surplus lines rules and the property and casualty knowledge needed to place non-admitted business compliantly. Pearson VUE publishes the Candidate Handbook and Content Outlines as downloadable resources, and those documents are the authoritative statement of what the exam covers and how it is scored; review them before you build a study plan. Pearson also sells online life, health, property, and casualty practice tests for $19.95. Topics on this exam: Surplus Lines Insurance. The Hawaii Surplus Lines study guide has 1 section and about 506 words.
01Surplus Lines Insurance
Hawaii surplus lines insurance is governed mainly by HRS Chapter 431, Article 8. The exam tests whether you know when a licensed surplus lines broker may place coverage with an insurer not authorized in Hawaii, how the required diligent search is documented, what disclosures the insured must receive, and how reporting, premium tax, and recordkeeping duties apply. A producer must hold a Hawaii surplus lines broker license. Placing surplus lines without that license is a violation, even if the producer holds another Hawaii insurance license.
506 words, about 3 minMore study resources for Hawaii Surplus Lines
- Practice questionsIn Hawaii, which entity is authorized to transact surplus lines business by negotiating with and placing coverage through non-admitted insurers on behalf of a client?
- FlashcardsSurplus lines insurance. Coverage placed with a non-admitted insurer when admitted insurers are unable or unwilling to provide the coverage; also called excess and surplus lines.
- Cheat sheetSurplus lines insurance is coverage placed with an eligible non-admitted insurer when admitted insurers are unable to provide the coverage; it is not a substitute for admitted market coverage.
- Key termsSurplus Lines Insurance. Coverage placed with an insurer that is not licensed in Hawaii, used only when admitted carriers cannot provide the needed coverage.
- Study planDefine surplus lines insurance and explain why it exists as a market of last resort when admitted carriers decline or cannot cover a risk.
- Common mistakesCandidates skim the chapter on the diligent search requirement because they assume surplus lines is simply the market of last resort with no procedure, and they memorize 'non-admitted' as a synonym for 'unregulated'.
- Exam-day guideBring the original, unexpired ID whose name exactly matches your registration (driver's license or passport).