Final Exam - New Jersey Life and
Health EXAM Questions & Answers |
100% Verified solutions | 2025\2026
Latest!!
1. Whichmtypemofmlong-
termmcarembenefitmwouldmbemmostmappropriatemformamstrokemvictimmwhomrequiresmspeech
mtherapymadministeredmatmhermhome?m-mCORRECTmANSWERmHomemhealthmcare
2. WhichmofmthemfollowingmismNOTmamfederalmrequirementmofmamqualifiedmplan?m-
mCORRECTmANSWERmEmployeemmustmbemablemtommakemunlimitedmcontributions
3. Whymaremdividendsmfrommammutualminsurermnotmsubjectmtomtaxation?m-
mCORRECTmANSWERmBecausemdividendsmaremconsideredmtombemamreturnmofmpremium
4. ThemtreasurermofmXYZmInsurancemCompanymdiscoversmthatmthemtreasurer'smcompanymismbe
ingminvestigatedmbymthemBankingmandmInsurancemCommissioner...m-
mCORRECTmANSWERmMakingmfalsemfinancialmstatements
5. Whichmtypemofmridermwillmwaivemthempremiummonmamchild'smlifeminsurancempolicymifmthempa
rentmpayingmthempremiummdies?m-mCORRECTmANSWERmPayormbenefit
6. Whichmofmthesempremiummpaymentmfrequenciesmismnotmtypicallymavailablemtomampolicymow
ner?m-mCORRECTmANSWERmBi-weekly
7. Mariamthemagentmwouldmlikemtomadvertisemanmannuitymproductmonmamhighwaymbillboard.m
Whichmofmthemfollowingmmustmbemincludedminmthemadvertisement?m-
mCORRECTmANSWERmHermname
,8. Whichmdisabilitympolicymprovisionmwouldmaddressmanymconcernsmofmthemvaluemofmthemben
efitsmdecreasingmovermtime?m-mCORRECTmANSWERmCostmofmlivingmbenefit
9. WhichmofmthesemismNOTmamcharacteristicmofmthemAcceleratedmDeathmBenefitmoption?m-
mCORRECTmANSWERmThembenefitmcanmbemofferedmasmamridermatmamspecificmextramcostmormm
aymbematmnomcost
10. Allmofmthemfollowingmaremincludedmasmpartmofmamcontractminmthementiremcontractmprovisionm
EXCEPTmthem-mCORRECTmANSWERmChangesmmadembymthemproducer
11. Thempowermgivenmtomanmindividualmproducermthatmismnotmspecificallymaddressedminmhis/he
rmcontractmismconsideredmwhatmtypemofmauthority?m-mCORRECTmANSWERmImplied
12. PatmisminsuredmwithmamlifeminsurancempolicymandmKarenmismhismprimarymbeneficiary.mTheyma
rembothminvolvedminmanmautomobilemaccidentmwheremPatmdiesminstantlymandmKarenmdiesm5m
daysmlater...m-mCORRECTmANSWERmCommonmdisastermclause
13. KeymPersonmDisabilitymInsurancempaysmbenefitsmtomthem-mCORRECTmANSWERmEmployer
14. Undermamdisabilitymincomempolicy,mwhichmprovisionmwouldmbempayablemifmthemcausemofman
minjurymismunexpectedmandmaccidental?m-
mCORRECTmANSWERmAccidentalmbodilyminjurymprovision
15. Whatmwillmthembeneficiarymreceivemifmanmannuitantmdiesmduringmthemaccumulationmperiod
?m-
mCORRECTmANSWERmThemgreatermofmthemaccumulatedmcashmvaluemormthemtotalmpremiumm
paid
16. Writtenmnoticemformamhealthmclaimmmustmbemgivenmtomtheminsurerm___mdaysmaftermthemocc
urrencemofmthemloss.m-mCORRECTmANSWERm20
, 17. Craigmsubmitsmam$500mclaimmformmedicalmexpenses.mWithmampastmduempremiummofm$100,m
theminsurermpaysm$400.mWhichmofmthemUniformmOptionalmProvisionsmcoversmthismsituation
?m-mCORRECTmANSWERmUnpaidmpremium
18. Howmmanymemployeesmmustmanmemployermhavemformamterminatedmemployeemtombemeligib
lemformCOBRA?m-mCORRECTmANSWERm20
19. Amlicensedmproducermismrequiredmtomfilemnoticemofmanymchangemofmaddressmwithinmhowmm
anymdays?m-mCORRECTmANSWERm30
20. AdvertisingmmaterialmformamlifeminsurancempolicymdoesmNOTmneedmtomcontainmwhichmofmth
emfollowing?m-mCORRECTmANSWERmAgent'smcommissionmrate
21. WhatmismthemmaximummfinemformamproducermviolatingmamNewmJerseymInsurancemlawmformth
emfirstmtime?m-mCORRECTmANSWERm$5,000
22. Howmlongmmustmanmindividualmbemunablemtomengageminmanymgainfulmactivitymduemphysicalm
ormmentalmdisabilityminmordermtomqualifymformSocialmSecuritymTotalmDisability?m-
mCORRECTmANSWERm12mmonths
23. SonyamappliedmformamhealthminsurancempolicymonmAprilm1.mHermagentmsubmittedmtheminfor
mationmtomtheminsurancemcompanymonmAprilm6.mShempaidmthempremiummonmMaym15mwithm
thempolicymindicatingmthemeffectivemdatembeingmMaym30.mOnmwhichmdatemwouldmSonyamha
vemcoverage?m-mCORRECTmANSWERmMaym30
24. Undermamlifeminsurancempolicy,mwhatmdoesmtheminsuringmclausemstate?m-
mCORRECTmANSWERmTheminsurer'smobligationmtompaymamdeathmbenefitmuponmanmapproved
mdeathmclaim
Health EXAM Questions & Answers |
100% Verified solutions | 2025\2026
Latest!!
1. Whichmtypemofmlong-
termmcarembenefitmwouldmbemmostmappropriatemformamstrokemvictimmwhomrequiresmspeech
mtherapymadministeredmatmhermhome?m-mCORRECTmANSWERmHomemhealthmcare
2. WhichmofmthemfollowingmismNOTmamfederalmrequirementmofmamqualifiedmplan?m-
mCORRECTmANSWERmEmployeemmustmbemablemtommakemunlimitedmcontributions
3. Whymaremdividendsmfrommammutualminsurermnotmsubjectmtomtaxation?m-
mCORRECTmANSWERmBecausemdividendsmaremconsideredmtombemamreturnmofmpremium
4. ThemtreasurermofmXYZmInsurancemCompanymdiscoversmthatmthemtreasurer'smcompanymismbe
ingminvestigatedmbymthemBankingmandmInsurancemCommissioner...m-
mCORRECTmANSWERmMakingmfalsemfinancialmstatements
5. Whichmtypemofmridermwillmwaivemthempremiummonmamchild'smlifeminsurancempolicymifmthempa
rentmpayingmthempremiummdies?m-mCORRECTmANSWERmPayormbenefit
6. Whichmofmthesempremiummpaymentmfrequenciesmismnotmtypicallymavailablemtomampolicymow
ner?m-mCORRECTmANSWERmBi-weekly
7. Mariamthemagentmwouldmlikemtomadvertisemanmannuitymproductmonmamhighwaymbillboard.m
Whichmofmthemfollowingmmustmbemincludedminmthemadvertisement?m-
mCORRECTmANSWERmHermname
,8. Whichmdisabilitympolicymprovisionmwouldmaddressmanymconcernsmofmthemvaluemofmthemben
efitsmdecreasingmovermtime?m-mCORRECTmANSWERmCostmofmlivingmbenefit
9. WhichmofmthesemismNOTmamcharacteristicmofmthemAcceleratedmDeathmBenefitmoption?m-
mCORRECTmANSWERmThembenefitmcanmbemofferedmasmamridermatmamspecificmextramcostmormm
aymbematmnomcost
10. Allmofmthemfollowingmaremincludedmasmpartmofmamcontractminmthementiremcontractmprovisionm
EXCEPTmthem-mCORRECTmANSWERmChangesmmadembymthemproducer
11. Thempowermgivenmtomanmindividualmproducermthatmismnotmspecificallymaddressedminmhis/he
rmcontractmismconsideredmwhatmtypemofmauthority?m-mCORRECTmANSWERmImplied
12. PatmisminsuredmwithmamlifeminsurancempolicymandmKarenmismhismprimarymbeneficiary.mTheyma
rembothminvolvedminmanmautomobilemaccidentmwheremPatmdiesminstantlymandmKarenmdiesm5m
daysmlater...m-mCORRECTmANSWERmCommonmdisastermclause
13. KeymPersonmDisabilitymInsurancempaysmbenefitsmtomthem-mCORRECTmANSWERmEmployer
14. Undermamdisabilitymincomempolicy,mwhichmprovisionmwouldmbempayablemifmthemcausemofman
minjurymismunexpectedmandmaccidental?m-
mCORRECTmANSWERmAccidentalmbodilyminjurymprovision
15. Whatmwillmthembeneficiarymreceivemifmanmannuitantmdiesmduringmthemaccumulationmperiod
?m-
mCORRECTmANSWERmThemgreatermofmthemaccumulatedmcashmvaluemormthemtotalmpremiumm
paid
16. Writtenmnoticemformamhealthmclaimmmustmbemgivenmtomtheminsurerm___mdaysmaftermthemocc
urrencemofmthemloss.m-mCORRECTmANSWERm20
, 17. Craigmsubmitsmam$500mclaimmformmedicalmexpenses.mWithmampastmduempremiummofm$100,m
theminsurermpaysm$400.mWhichmofmthemUniformmOptionalmProvisionsmcoversmthismsituation
?m-mCORRECTmANSWERmUnpaidmpremium
18. Howmmanymemployeesmmustmanmemployermhavemformamterminatedmemployeemtombemeligib
lemformCOBRA?m-mCORRECTmANSWERm20
19. Amlicensedmproducermismrequiredmtomfilemnoticemofmanymchangemofmaddressmwithinmhowmm
anymdays?m-mCORRECTmANSWERm30
20. AdvertisingmmaterialmformamlifeminsurancempolicymdoesmNOTmneedmtomcontainmwhichmofmth
emfollowing?m-mCORRECTmANSWERmAgent'smcommissionmrate
21. WhatmismthemmaximummfinemformamproducermviolatingmamNewmJerseymInsurancemlawmformth
emfirstmtime?m-mCORRECTmANSWERm$5,000
22. Howmlongmmustmanmindividualmbemunablemtomengageminmanymgainfulmactivitymduemphysicalm
ormmentalmdisabilityminmordermtomqualifymformSocialmSecuritymTotalmDisability?m-
mCORRECTmANSWERm12mmonths
23. SonyamappliedmformamhealthminsurancempolicymonmAprilm1.mHermagentmsubmittedmtheminfor
mationmtomtheminsurancemcompanymonmAprilm6.mShempaidmthempremiummonmMaym15mwithm
thempolicymindicatingmthemeffectivemdatembeingmMaym30.mOnmwhichmdatemwouldmSonyamha
vemcoverage?m-mCORRECTmANSWERmMaym30
24. Undermamlifeminsurancempolicy,mwhatmdoesmtheminsuringmclausemstate?m-
mCORRECTmANSWERmTheminsurer'smobligationmtompaymamdeathmbenefitmuponmanmapproved
mdeathmclaim
