NJ Insurance Specific Exam | Questions with
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Terms in this set (89)
The commissioner must give 10 days
notice at least ____ days before a
hearing for unfair trade practices
Penalties for unfair completion, $1,000 Max fine for each violation committed
act or practice unknowingly
$5,000 Max fine for violations committed
knowingly
$5,000 Max fine for violating a cease and desist
order
Maximum civil penalties for $5,000 Fines for first violation
violating Insurance producer $10,000 Each subsequent violation
Licensing Act
Minimum age to obtain a 18 years old
producer's license
,Time frame for a nonresident 30 days
insurance producer to file a
change of address
Prelicensing Education 20 hours for life insurance
Requirements 20 hours for accident and health insurance
40 hours for property and casualty insurance
Temporary work authority for 60 days
resident producer applicants is
valid for ___ days
The commissioner may issue a 180 days
temporary producer license for a
max of __ days to a surviving
spouse, business partner or
employee is a producer dies,
becomes disabled, or is called to
active military service
NOT the same as "temporary
work authority
Cancellation of Agency Contract: 15 days
The commissioner must be
notified of cancellation within ___
days, including reason for
cancellation
, Maintenance and duration of 2 years
license:
Expiration date of license is every
____ years on the last day of the
birth month
A producer who allows his license 1 year
to expire may reinstate the license
within ___ years of expiration
Continuing education: 24 hours
Total CE hours required every 2 3 hours
years: ____
Includes ____ hours of ethics CE
Criminal acts must be reported to 30 days
the commissioner within ____ days
of conviction
Branch offices notifications: 30 days
Department of banking and
insurance must be notified ____
days before opening or closing a
branch office
(regulates the banking & insurance
industries in NJ)
Number of days to report change 30 days
of mailing, residence and email
address or business name
100% Correct Answers | Verified | Latest
Update 2026
Save
Terms in this set (89)
The commissioner must give 10 days
notice at least ____ days before a
hearing for unfair trade practices
Penalties for unfair completion, $1,000 Max fine for each violation committed
act or practice unknowingly
$5,000 Max fine for violations committed
knowingly
$5,000 Max fine for violating a cease and desist
order
Maximum civil penalties for $5,000 Fines for first violation
violating Insurance producer $10,000 Each subsequent violation
Licensing Act
Minimum age to obtain a 18 years old
producer's license
,Time frame for a nonresident 30 days
insurance producer to file a
change of address
Prelicensing Education 20 hours for life insurance
Requirements 20 hours for accident and health insurance
40 hours for property and casualty insurance
Temporary work authority for 60 days
resident producer applicants is
valid for ___ days
The commissioner may issue a 180 days
temporary producer license for a
max of __ days to a surviving
spouse, business partner or
employee is a producer dies,
becomes disabled, or is called to
active military service
NOT the same as "temporary
work authority
Cancellation of Agency Contract: 15 days
The commissioner must be
notified of cancellation within ___
days, including reason for
cancellation
, Maintenance and duration of 2 years
license:
Expiration date of license is every
____ years on the last day of the
birth month
A producer who allows his license 1 year
to expire may reinstate the license
within ___ years of expiration
Continuing education: 24 hours
Total CE hours required every 2 3 hours
years: ____
Includes ____ hours of ethics CE
Criminal acts must be reported to 30 days
the commissioner within ____ days
of conviction
Branch offices notifications: 30 days
Department of banking and
insurance must be notified ____
days before opening or closing a
branch office
(regulates the banking & insurance
industries in NJ)
Number of days to report change 30 days
of mailing, residence and email
address or business name
