NEW JERSEY ACCIDENT AND HEALTH
INSURANCE Exam | Questions with 100%
Correct Answers | Verified | Latest Update
2026
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Terms in this set (334)
what is considered to be the provide death benefits
primary reason for buying life
insurance?
ABC insurance company transfers reinsurance
part of their risk to XYZ insurance
company. this situation is called
a nonparticipating policy will not pay dividends
a plan in which an employer pays a self-funded plan
insurance benefits from a fund
derived from the employers
current revenues is called
,Karen is a producer who has 10,000
obtained personal information
about a client without having a
legitimate reason to do so. Under
the McCarran-Ferguson Act, what
is the minimum penalty for this?
what kind of life insurance policy participating life insurance policy
issued by a mutual insurer
provides a return of divisible
surplus ?
a(n) _____ company is owned by its stock
shareholders.
a type of insurer that is owned by mutual
its poly owners is called
what is the primary purpose of a determine financial strength of an insurance
rating service company such as company
A.M Best?
which of the following is NOT a rating from a rating service company, such as
considered adverting? A.M Best
the fair credit and reporting acts protect consumers with guidelines regarding
main purpose is to credit reporting and distribution
, a life insurance company has reinsurer
transferred some of its risk to
another insurer. The insure
assuming the risk is called the
the DO NOT CALL registry offers insurance sales calls
exemptions for calls placed from
all of the following EXCEPT
Ken is a producer who has 5,000
obtained Consumer Information
Reports under false pretenses.
Under the Fair Credit Reporting
Act, what is the maximum penalty
that may be imposed on Ken?
Why are dividends from a mutual because dividends are considered to be a
insurer not subject to taxation? return of premium
a nonparticipating company is stock insurer
sometimes called a(n)
Fraternal Benefit Society has each exist for profit
of the following characteristics
EXCEPT
An insurer's ability to make liquidity
unpredictable payouts to
policyowners is called
INSURANCE Exam | Questions with 100%
Correct Answers | Verified | Latest Update
2026
Save
Terms in this set (334)
what is considered to be the provide death benefits
primary reason for buying life
insurance?
ABC insurance company transfers reinsurance
part of their risk to XYZ insurance
company. this situation is called
a nonparticipating policy will not pay dividends
a plan in which an employer pays a self-funded plan
insurance benefits from a fund
derived from the employers
current revenues is called
,Karen is a producer who has 10,000
obtained personal information
about a client without having a
legitimate reason to do so. Under
the McCarran-Ferguson Act, what
is the minimum penalty for this?
what kind of life insurance policy participating life insurance policy
issued by a mutual insurer
provides a return of divisible
surplus ?
a(n) _____ company is owned by its stock
shareholders.
a type of insurer that is owned by mutual
its poly owners is called
what is the primary purpose of a determine financial strength of an insurance
rating service company such as company
A.M Best?
which of the following is NOT a rating from a rating service company, such as
considered adverting? A.M Best
the fair credit and reporting acts protect consumers with guidelines regarding
main purpose is to credit reporting and distribution
, a life insurance company has reinsurer
transferred some of its risk to
another insurer. The insure
assuming the risk is called the
the DO NOT CALL registry offers insurance sales calls
exemptions for calls placed from
all of the following EXCEPT
Ken is a producer who has 5,000
obtained Consumer Information
Reports under false pretenses.
Under the Fair Credit Reporting
Act, what is the maximum penalty
that may be imposed on Ken?
Why are dividends from a mutual because dividends are considered to be a
insurer not subject to taxation? return of premium
a nonparticipating company is stock insurer
sometimes called a(n)
Fraternal Benefit Society has each exist for profit
of the following characteristics
EXCEPT
An insurer's ability to make liquidity
unpredictable payouts to
policyowners is called
