NJ Accident and Health Producer Practice Exams || Most
Recent Exams 2026 Actual Complete Real Exam Questions
And Correct Answers (Verified Answers) Already Graded
A+ | Assured Success | Newest Exam | Just Released!!
What is the major reason that insurance regulatory are often
critical of dread
disease insurance
policies?
-they exclude illnesses that are related to pre-
existing conditions
-buyers often think they are getting broader coverage
than they actually
purchase
-it is hard to predict which illness a person is
likely to contract
-the plans tend to be much more expensive than major
medical alternatives
ANSWER--buyers often think they are getting broader
coverage than they
actually
purchase
-
,LIMITED POLICIES PAY ONLY UNDER STIPULATED
CONDITIONS
If a health insurance policy lapses due to nonpayment of
premium, coverage will be reinstated after an application is
submitted, premium paid, and the coverage is not refused
within how many days?
-60
-30
-10
-45 - ANSWER--45
COVERAGE IS AUTOMATICALLY REINSTATED IF NOT
REFUSED WITHIN
45 DAYS FROM THE DATE THE APPLICATION WAS
ACCEPTED
Which type of authority holds that a producer may have
whatever authority a reasonable person would assume the
producer has?
-implied
-express
-stated
-apparent - ANSWER--apparent
APPARENT AUTHORITY IS WHAT ONE ASSUMES WHEN WE
WORK WITH A PRODUCER WHO HAS THE APPLICATION
FORMS AND PHYSICAL SIGNS OF REPRESENTING THE
INSURER.
, Which rider will protect against inflation by increasing disability
income benefits annually after the start of disability
-return of premium -
waiver of premium
-cost of living adjustment
-future increase option - ANSWER--cost of living adjustment
INCREASE IN BENEFITS AFTER CLAIM BEGINS TO PROTECT
AGAINST
INFLATION
Which one of the following is particularly important for an
insurance producer to explain to a client upon delivery of a life
insurance policy?:
-loan interest rates
-the effective date
-premium due dates
-any exclusions - ANSWER--any exclusions
DURING THE DELIVERY APPOINTMENT, THE PRODUCER WILL
REVIEW
THE POLICY WITH THE POLICY OWNER TO ENSURE OWNER
UNDERSTANDS POLICY, RIDERS, AND EXCLUSIONS
The primary purpose of Health Reimbursement Accounts
(HRAs) is to assist -employees who work for small companies
to pay medical expenses on high coinsurance policies
-covered employees on standard group health insurance
plans by using after tax contributions to fund an account to
pay medical expenses -employees who choose not to
Recent Exams 2026 Actual Complete Real Exam Questions
And Correct Answers (Verified Answers) Already Graded
A+ | Assured Success | Newest Exam | Just Released!!
What is the major reason that insurance regulatory are often
critical of dread
disease insurance
policies?
-they exclude illnesses that are related to pre-
existing conditions
-buyers often think they are getting broader coverage
than they actually
purchase
-it is hard to predict which illness a person is
likely to contract
-the plans tend to be much more expensive than major
medical alternatives
ANSWER--buyers often think they are getting broader
coverage than they
actually
purchase
-
,LIMITED POLICIES PAY ONLY UNDER STIPULATED
CONDITIONS
If a health insurance policy lapses due to nonpayment of
premium, coverage will be reinstated after an application is
submitted, premium paid, and the coverage is not refused
within how many days?
-60
-30
-10
-45 - ANSWER--45
COVERAGE IS AUTOMATICALLY REINSTATED IF NOT
REFUSED WITHIN
45 DAYS FROM THE DATE THE APPLICATION WAS
ACCEPTED
Which type of authority holds that a producer may have
whatever authority a reasonable person would assume the
producer has?
-implied
-express
-stated
-apparent - ANSWER--apparent
APPARENT AUTHORITY IS WHAT ONE ASSUMES WHEN WE
WORK WITH A PRODUCER WHO HAS THE APPLICATION
FORMS AND PHYSICAL SIGNS OF REPRESENTING THE
INSURER.
, Which rider will protect against inflation by increasing disability
income benefits annually after the start of disability
-return of premium -
waiver of premium
-cost of living adjustment
-future increase option - ANSWER--cost of living adjustment
INCREASE IN BENEFITS AFTER CLAIM BEGINS TO PROTECT
AGAINST
INFLATION
Which one of the following is particularly important for an
insurance producer to explain to a client upon delivery of a life
insurance policy?:
-loan interest rates
-the effective date
-premium due dates
-any exclusions - ANSWER--any exclusions
DURING THE DELIVERY APPOINTMENT, THE PRODUCER WILL
REVIEW
THE POLICY WITH THE POLICY OWNER TO ENSURE OWNER
UNDERSTANDS POLICY, RIDERS, AND EXCLUSIONS
The primary purpose of Health Reimbursement Accounts
(HRAs) is to assist -employees who work for small companies
to pay medical expenses on high coinsurance policies
-covered employees on standard group health insurance
plans by using after tax contributions to fund an account to
pay medical expenses -employees who choose not to
