NJ Property/Casualty Exam
Questions and Answers 100%
PASS
Acting in a fiduciary capacity—ANSWER-The Commissioners may revoke a
producers license for all of the following reasons EXCEPT
Coverage by endorsement—ANSWER-In dwelling policies, automatic
increase in insurance is
Insuring Agreement—ANSWER-the part of the insurance contract that
describes the covered perils and the nature of coverage of the contractual
agreement between the insurer and the insured
Credit Insurance—ANSWER-type of insurance would be written by a limited
lines agent
The application given to a prospective insured—ANSWER-Which of the
following is NOT the consideration in a policy?
5 business days—ANSWER-How many days must a producer report his
claims to an insurer
, Commissioner—ANSWER-Has authority to deny someone an insurance
producers license
Pay dividends to the policyowner—ANSWER-A participating insurance policy
may do what
30 days—ANSWER-the removal coverage that is included in the broad form
dwelling policy will cover property temporarily removed from the premises to
protect it from damage for how long
10 days—ANSWER-the commissioner believes that a licensee has violated
an insurance regulation and decides to conduct a hearing. How long notice
must the commissioner provide
Collapse—ANSWER-An additional coverage that is covered by the broad
causes loss form
Private Insurers—ANSWER-who would participate in Write Your Own (WYO)
flood insurance program
Mutual—ANSWER-an insured purchased an insurance policy 5 years ago.
Last year she received a dividend check from the insurance company that
was not taxable. this year she did not. What type of insurer did the insured
purchase the policy.
the accounts receivable coverage form—ANSWER-An insureds account
receivable records have been damaged. The loss may be covered with
Misrepresentation—ANSWER-On its advertisement a company a company
claims that it has funds in its possession that are, in fact not available for
payment of losses to claims. Company is guilty of
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law, Copyrighted By Katelyn Whitman
Questions and Answers 100%
PASS
Acting in a fiduciary capacity—ANSWER-The Commissioners may revoke a
producers license for all of the following reasons EXCEPT
Coverage by endorsement—ANSWER-In dwelling policies, automatic
increase in insurance is
Insuring Agreement—ANSWER-the part of the insurance contract that
describes the covered perils and the nature of coverage of the contractual
agreement between the insurer and the insured
Credit Insurance—ANSWER-type of insurance would be written by a limited
lines agent
The application given to a prospective insured—ANSWER-Which of the
following is NOT the consideration in a policy?
5 business days—ANSWER-How many days must a producer report his
claims to an insurer
, Commissioner—ANSWER-Has authority to deny someone an insurance
producers license
Pay dividends to the policyowner—ANSWER-A participating insurance policy
may do what
30 days—ANSWER-the removal coverage that is included in the broad form
dwelling policy will cover property temporarily removed from the premises to
protect it from damage for how long
10 days—ANSWER-the commissioner believes that a licensee has violated
an insurance regulation and decides to conduct a hearing. How long notice
must the commissioner provide
Collapse—ANSWER-An additional coverage that is covered by the broad
causes loss form
Private Insurers—ANSWER-who would participate in Write Your Own (WYO)
flood insurance program
Mutual—ANSWER-an insured purchased an insurance policy 5 years ago.
Last year she received a dividend check from the insurance company that
was not taxable. this year she did not. What type of insurer did the insured
purchase the policy.
the accounts receivable coverage form—ANSWER-An insureds account
receivable records have been damaged. The loss may be covered with
Misrepresentation—ANSWER-On its advertisement a company a company
claims that it has funds in its possession that are, in fact not available for
payment of losses to claims. Company is guilty of
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law, Copyrighted By Katelyn Whitman
