NJ TITLE INSURANCE 2026 EXAM QUESTIONS AND
SOLUTIONS RATED A+
✔✔certificate of authority - ✔✔which of the following does the commissioner issue to an
insurer evidencing their authority to transact insurance in NJ
✔✔reinsurance - ✔✔a process by which an originating insurer (ceding) procures
insurance for itself with another insurer (assuming) as regards all or part of a risk, is
called
✔✔misdemeanor - ✔✔soliciting, negotiating, or effecting any contracts of insurance in
violation of insurance rules is considered a
✔✔an insured, a licensee, any other person - ✔✔an insurance consultant can act on
behalf of
✔✔at least one producer is assigned to the office, the office is open to the public during
normal business hours, at least one producer is present during business hours except
when engaged in branch activities elsewhere. - ✔✔a branch office can no be opened or
operated unless
✔✔18 years old - ✔✔no individual may be licensed as a producer unless they are at
least
✔✔30 days - ✔✔a producer is required to file written notification of any change of
address within
✔✔5 - ✔✔a producer whose individuals license is revoked must wait at least _______
years from the effective date of revocation before they can apply for another license
✔✔the state surplus lines exam with no course requirement - ✔✔a surplus lines
authority can be obtained by a property casualty producer after successful completion of
✔✔5,000 for the first violation and 10,000 for each subsequent violation - ✔✔in addition
to suspension or revocation of a license and other penalties if a producer violated any
provision of the insurance code of the commissioner can impose a fine up to
✔✔deed of conveyance - ✔✔quitclaim deed is not a
✔✔the trust deed - ✔✔mortgagee and trust holds
✔✔mechanics lien - ✔✔which of the following has priority of lien
, ✔✔50% - ✔✔the commissioner can revoke a producers license if he find that the
commissions earned by the producer on controlled business during any 12 months
period exceeded what percentage of the producers aggregate commissions on all
business written for that period
✔✔the educational requirement may be waived - ✔✔in the case of an applicant for a
producers license who is moving to NJ and who had held within the past twelve months
a producers license in another state
✔✔5,000 - ✔✔the penalty for each violation of a cease and desist order shall be fine of
up to
✔✔either a resident or a business address outside of NJ, a resident address in NJ and
business address in another state, a business address in NJ and resident address in
another state - ✔✔a non- resident licensee in NJ may have
✔✔2 years - ✔✔the standard term for a NJ insurance producers license is
✔✔promulgate, alter, amend, or repeat rules and regulations consistent with the law. -
✔✔the commissioner can
✔✔10 - ✔✔to renew a license, a producer must submit a properly completed application
and the renewal fee at least ______ days before the license expiration date
✔✔the governor, with the advice and consent of the senate - ✔✔the commissioner is
appointed by
✔✔revoke the license of the licensee - ✔✔if a licensee has paid all or part of the
commissions on an insurance premium to a person not licensed in this state, or in any
state in which the insured has interests which are the subject of the insurance on which
the commissions are earned, the commissioner can
✔✔after a hearing for which the licensee was given 10 days written notice and was
afforded the opportunity to be heard - ✔✔when the commissioner has a reason to
believe that a licensee has violated an insurance law or regulation, the commissioner
can suspend the license
✔✔Appointed position not elected by the governor - ✔✔Commissioner/Department of
Banking
✔✔returning the license to the department for cancellation - ✔✔a producer can
terminate their producers license by
SOLUTIONS RATED A+
✔✔certificate of authority - ✔✔which of the following does the commissioner issue to an
insurer evidencing their authority to transact insurance in NJ
✔✔reinsurance - ✔✔a process by which an originating insurer (ceding) procures
insurance for itself with another insurer (assuming) as regards all or part of a risk, is
called
✔✔misdemeanor - ✔✔soliciting, negotiating, or effecting any contracts of insurance in
violation of insurance rules is considered a
✔✔an insured, a licensee, any other person - ✔✔an insurance consultant can act on
behalf of
✔✔at least one producer is assigned to the office, the office is open to the public during
normal business hours, at least one producer is present during business hours except
when engaged in branch activities elsewhere. - ✔✔a branch office can no be opened or
operated unless
✔✔18 years old - ✔✔no individual may be licensed as a producer unless they are at
least
✔✔30 days - ✔✔a producer is required to file written notification of any change of
address within
✔✔5 - ✔✔a producer whose individuals license is revoked must wait at least _______
years from the effective date of revocation before they can apply for another license
✔✔the state surplus lines exam with no course requirement - ✔✔a surplus lines
authority can be obtained by a property casualty producer after successful completion of
✔✔5,000 for the first violation and 10,000 for each subsequent violation - ✔✔in addition
to suspension or revocation of a license and other penalties if a producer violated any
provision of the insurance code of the commissioner can impose a fine up to
✔✔deed of conveyance - ✔✔quitclaim deed is not a
✔✔the trust deed - ✔✔mortgagee and trust holds
✔✔mechanics lien - ✔✔which of the following has priority of lien
, ✔✔50% - ✔✔the commissioner can revoke a producers license if he find that the
commissions earned by the producer on controlled business during any 12 months
period exceeded what percentage of the producers aggregate commissions on all
business written for that period
✔✔the educational requirement may be waived - ✔✔in the case of an applicant for a
producers license who is moving to NJ and who had held within the past twelve months
a producers license in another state
✔✔5,000 - ✔✔the penalty for each violation of a cease and desist order shall be fine of
up to
✔✔either a resident or a business address outside of NJ, a resident address in NJ and
business address in another state, a business address in NJ and resident address in
another state - ✔✔a non- resident licensee in NJ may have
✔✔2 years - ✔✔the standard term for a NJ insurance producers license is
✔✔promulgate, alter, amend, or repeat rules and regulations consistent with the law. -
✔✔the commissioner can
✔✔10 - ✔✔to renew a license, a producer must submit a properly completed application
and the renewal fee at least ______ days before the license expiration date
✔✔the governor, with the advice and consent of the senate - ✔✔the commissioner is
appointed by
✔✔revoke the license of the licensee - ✔✔if a licensee has paid all or part of the
commissions on an insurance premium to a person not licensed in this state, or in any
state in which the insured has interests which are the subject of the insurance on which
the commissions are earned, the commissioner can
✔✔after a hearing for which the licensee was given 10 days written notice and was
afforded the opportunity to be heard - ✔✔when the commissioner has a reason to
believe that a licensee has violated an insurance law or regulation, the commissioner
can suspend the license
✔✔Appointed position not elected by the governor - ✔✔Commissioner/Department of
Banking
✔✔returning the license to the department for cancellation - ✔✔a producer can
terminate their producers license by
