Hawaii Insurance License Practice Exam

Personal Injury Protection (PIP) benefits must be paid within how many days?

1. 15 days

2. 30 days

3. 45 days

4. 60 days

The correct answer is: 30 days

Personal Injury Protection (PIP) benefits are designed to ensure that individuals receive timely medical benefits following an automobile accident, irrespective of who was at fault. In Hawaii, under the law, insurance companies are mandated to pay PIP benefits within a specific timeframe to facilitate prompt access to necessary treatment and coverage for medical expenses. The correct timeframe stipulated for the payment of PIP benefits is 30 days. This prompt payment supports the well-being of injured parties by ensuring that medical costs and other related expenses do not burden them while they seek recovery. By requiring payments within 30 days, the law aims to ensure that individuals can focus on healing without the added stress of financial concerns related to their injuries. Other options reflect longer timeframes that do not align with the statutory requirement established in Hawaii’s insurance regulations. Sticking to the 30-day requirement is crucial for insurers to maintain compliance with state laws and for ensuring that policyholders receive the benefits they are entitled to without unnecessary delays.