Insurance Licensing New Jersey Life Producer : NJ-Life-Producer exam

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Insurance Licensing NJ-Life-Producer Exam Syllabus Topics:

Insurance Licensing New Jersey Life Producer Sample Questions:

1. An insurer who is placed under an order of liquidation by a court of competent jurisdiction is defined under the terms of the New Jersey Life and Health Insurance Guaranty Association Act as

A) An insolvent insurer.
B) An incompetent insurer.
C) A bankrupt insurer.
D) An impaired insurer.

2. An insurance company that terminates a producer's agency contract is required to file a written notice of the termination with the Banking and Insurance Department at which of the following times?

A) A maximum of 30 days after the termination date.
B) A maximum of 7 days after the termination date.
C) A maximum of 15 days after the termination date.
D) Immediately.

3. According to New Jersey law, copies of insurance advertisements must be maintained

A) At the company's office.
B) By the Department of Banking and Insurance.
C) At the producer's office.
D) On the producer's computer.

4. The purpose of advertising regulations is to

A) Ensure that the prospect has all the required information to make an informed decision.
B) Assure full and truthful disclosure to the public.
C) Ensure that the insurance company is supervising its agents properly.
D) Assure that spokespersons are properly compensated.

5. After a New Jersey producer license has been revoked, the licensee may not reapply for a new license for a minimum of

A) 1 year.
B) 3 years.
C) 6 months.
D) 5 years.

Solutions: