nj insurance producer Exam | Questions with
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Terms in this set (158)
A producer may officially returning the license to the Banking and
terminate his or her license by Insurance Department.
returning the license to the
Banking and Insurance
Department.
limiting the total number of
producers.
stopping sales activity.
terminating the insurance
company agency contract.
,Funding for the New Jersey Life assessments on member companies.
and Health Guaranty Association
is derived from
the New Jersey Department of
Banking and Insurance budget.
assessments on member
companies.
the New Jersey General Treasury.
a special legislative appropriation.
Which of the following is MOST Investigative consumer report.
likely used for underwriting
purposes that includes
information on an applicant's
character and personal habits?
Investigative consumer report.
Medical Information Bureau (MIB)
report.
Agent report.
Buyer's Guide.
Which of the following dividend Accumulation at interest.
options is taxable?
Paid up additions.
One-year term.
Accumulation at interest.
Return of premium.
,A published advertisement for a that it is insured by the state.
fixed annuity MUST contain all of
the following EXCEPT
surrender period.
that it is insured by the state.
minimum rate of guaranteed
interest.
the name of the insurance
company.
Lapsed individual life insurance 3 years.
may be reinstated at ant time
within
2 years.
3 years.
4 years.
5 years.
To renew an insurance producer Nonresident producers
license, a renewal applicant must
earn 24 continuing credits during
the previous two years EXCEPT
Insurance brokers
Resident producers
Nonresident producers
Insurance consultants
, A policyowner CANNOT change an irrevocable beneficiary
the beneficiary if he has named
a spouse
a revocable beneficiary
a permanent beneficiary
an irrevocable beneficiary
In which type of policy can the Renewable Term.
policyowner extend the coverage
period without evidence of
insurability?
Guaranteed Continuation Whole
Life.
Convertible Term.
Renewable Term.
Level Premium Whole Life.
100% Correct Answers | Verified | Latest
Update 2026
Save
Terms in this set (158)
A producer may officially returning the license to the Banking and
terminate his or her license by Insurance Department.
returning the license to the
Banking and Insurance
Department.
limiting the total number of
producers.
stopping sales activity.
terminating the insurance
company agency contract.
,Funding for the New Jersey Life assessments on member companies.
and Health Guaranty Association
is derived from
the New Jersey Department of
Banking and Insurance budget.
assessments on member
companies.
the New Jersey General Treasury.
a special legislative appropriation.
Which of the following is MOST Investigative consumer report.
likely used for underwriting
purposes that includes
information on an applicant's
character and personal habits?
Investigative consumer report.
Medical Information Bureau (MIB)
report.
Agent report.
Buyer's Guide.
Which of the following dividend Accumulation at interest.
options is taxable?
Paid up additions.
One-year term.
Accumulation at interest.
Return of premium.
,A published advertisement for a that it is insured by the state.
fixed annuity MUST contain all of
the following EXCEPT
surrender period.
that it is insured by the state.
minimum rate of guaranteed
interest.
the name of the insurance
company.
Lapsed individual life insurance 3 years.
may be reinstated at ant time
within
2 years.
3 years.
4 years.
5 years.
To renew an insurance producer Nonresident producers
license, a renewal applicant must
earn 24 continuing credits during
the previous two years EXCEPT
Insurance brokers
Resident producers
Nonresident producers
Insurance consultants
, A policyowner CANNOT change an irrevocable beneficiary
the beneficiary if he has named
a spouse
a revocable beneficiary
a permanent beneficiary
an irrevocable beneficiary
In which type of policy can the Renewable Term.
policyowner extend the coverage
period without evidence of
insurability?
Guaranteed Continuation Whole
Life.
Convertible Term.
Renewable Term.
Level Premium Whole Life.
