Hawaii Insurance License Practice Exam

Question: 1 / 400

What bond amount must Hawaii public adjusters post as a requirement?

$5,000

$10,000

In Hawaii, public adjusters are required to post a bond amount of $10,000. This requirement serves as a financial safeguard, ensuring that the public adjuster operates professionally and ethically. The bond acts as a form of insurance for clients, providing them with a means of compensation if the adjuster fails to comply with state regulations or engages in unethical practices. By mandating a bond, Hawaii aims to protect consumers and uphold the integrity of the insurance industry.

The specific amount of $10,000 reflects a balance between a reasonable financial obligation for the public adjusters and the need to offer sufficient protection to clients. This requirement aligns with regulations in other states where similar bonding measures are in place to ensure the responsible conduct of public adjusters.

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$15,000

$20,000

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