New Jersey Life Producer Exam 2025–2026
Accurate Real Exam Questions and Verified
Correct Answers
Which type of long-term care benefit would be most appropriate for a stroke
victim who requires speech therapy administered at her home? - answer-
Home health care
Which of the following is NOT a federal requirement of a qualified plan? -
answer-Employee must be able to make unlimited contributions
Why are dividends from a mutual insurer not subject to taxation? - answer-
Because dividends are considered to be a return of premium
Advertising material for a life insurance policy does NOT need to contain which
of the following? - answer-Agent's commission rate
What is the maximum fine for a producer violating a New Jersey Insurance law
for the first time? - answer-$5,000
,How long must an individual be unable to engage in any gainful activity due
physical or mental disability in order to qualify for Social Security Total
Disability? - answer-12 months
Sonya applied for a health insurance policy on April 1. Her agent submitted the
information to the insurance company on April 6. She paid the premium on
May 15 with the policy indicating the effective date being May 30. On which
date would Sonya have coverage? - answer-May 30
Under a life insurance policy, what does the insuring clause state? - answer-
The insurer's obligation to pay a death benefit upon an approved death claim
Claims payable to a Disability Income insured, even when the insured can
continue to work, are the result of a - answer-Presumptive disability
XYZ Corp pays the tax-deductible insurance premiums for a key employee
disability policy. Which of the following would be the appropriate tax
consequence? - answer-Benefits are fully taxable
What is the purpose of the Medical Information Bureau (MIB)? - answer-To
help underwriters evaluate risk
In the advertising of Individual Life Insurance policies, an "introductory" or
"special enrollment" may not be made available until any previous enrollment
period for the same policy has been closed for at least how long? - answer-
Three months
,An insurance producer is issued a _____ as evidence of authority - answer-
License
An individual can enroll in a Part C Medicare Advantage Plan at what time? -
answer-When becoming eligible for Medicare
In accordance with New Jersey law, a Producer must remit health insurance
premiums to the insurer within what period? - answer-7 business days
The treasurer of XYZ Insurance Company discovers that the treasurer's
company is being investigated by the Banking and Insurance Commissioner... -
answer-Making false financial statements
Which type of rider will waive the premium on a child's life insurance policy if
the parent paying the premium dies? - answer-Payor benefit
Which of these premium payment frequencies is not typically available to a
policy owner? - answer-Bi-weekly
Maria the agent would like to advertise an annuity product on a highway
billboard. Which of the following must be included in the advertisement? -
answer-Her name
Which disability policy provision would address any concerns of the value of
the benefits decreasing over time? - answer-Cost of living benefit
, Which of these is NOT a characteristic of the Accelerated Death Benefit
option? - answer-The benefit can be offered as a rider at a specific extra cost
or may be at no cost
All of the following are included as part of a contract in the entire contract
provision EXCEPT the - answer-Changes made by the producer
The power given to an individual producer that is not specifically addressed in
his/her contract is considered what type of authority? - answer-Implied
Pat is insured with a life insurance policy and Karen is his primary beneficiary.
They are both involved in an automobile accident where Pat dies instantly and
Karen dies 5 days later... - answer-Common disaster clause
Key Person Disability Insurance pays benefits to the - answer-Employer
Under a disability income policy, which provision would be payable if the cause
of an injury is unexpected and accidental? - answer-Accidental bodily injury
provision
What will the beneficiary receive if an annuitant dies during the accumulation
period? - answer-The greater of the accumulated cash value or the total
premium paid
Written notice for a health claim must be given to the insurer ___ days after
the occurrence of the loss. - answer-20
Accurate Real Exam Questions and Verified
Correct Answers
Which type of long-term care benefit would be most appropriate for a stroke
victim who requires speech therapy administered at her home? - answer-
Home health care
Which of the following is NOT a federal requirement of a qualified plan? -
answer-Employee must be able to make unlimited contributions
Why are dividends from a mutual insurer not subject to taxation? - answer-
Because dividends are considered to be a return of premium
Advertising material for a life insurance policy does NOT need to contain which
of the following? - answer-Agent's commission rate
What is the maximum fine for a producer violating a New Jersey Insurance law
for the first time? - answer-$5,000
,How long must an individual be unable to engage in any gainful activity due
physical or mental disability in order to qualify for Social Security Total
Disability? - answer-12 months
Sonya applied for a health insurance policy on April 1. Her agent submitted the
information to the insurance company on April 6. She paid the premium on
May 15 with the policy indicating the effective date being May 30. On which
date would Sonya have coverage? - answer-May 30
Under a life insurance policy, what does the insuring clause state? - answer-
The insurer's obligation to pay a death benefit upon an approved death claim
Claims payable to a Disability Income insured, even when the insured can
continue to work, are the result of a - answer-Presumptive disability
XYZ Corp pays the tax-deductible insurance premiums for a key employee
disability policy. Which of the following would be the appropriate tax
consequence? - answer-Benefits are fully taxable
What is the purpose of the Medical Information Bureau (MIB)? - answer-To
help underwriters evaluate risk
In the advertising of Individual Life Insurance policies, an "introductory" or
"special enrollment" may not be made available until any previous enrollment
period for the same policy has been closed for at least how long? - answer-
Three months
,An insurance producer is issued a _____ as evidence of authority - answer-
License
An individual can enroll in a Part C Medicare Advantage Plan at what time? -
answer-When becoming eligible for Medicare
In accordance with New Jersey law, a Producer must remit health insurance
premiums to the insurer within what period? - answer-7 business days
The treasurer of XYZ Insurance Company discovers that the treasurer's
company is being investigated by the Banking and Insurance Commissioner... -
answer-Making false financial statements
Which type of rider will waive the premium on a child's life insurance policy if
the parent paying the premium dies? - answer-Payor benefit
Which of these premium payment frequencies is not typically available to a
policy owner? - answer-Bi-weekly
Maria the agent would like to advertise an annuity product on a highway
billboard. Which of the following must be included in the advertisement? -
answer-Her name
Which disability policy provision would address any concerns of the value of
the benefits decreasing over time? - answer-Cost of living benefit
, Which of these is NOT a characteristic of the Accelerated Death Benefit
option? - answer-The benefit can be offered as a rider at a specific extra cost
or may be at no cost
All of the following are included as part of a contract in the entire contract
provision EXCEPT the - answer-Changes made by the producer
The power given to an individual producer that is not specifically addressed in
his/her contract is considered what type of authority? - answer-Implied
Pat is insured with a life insurance policy and Karen is his primary beneficiary.
They are both involved in an automobile accident where Pat dies instantly and
Karen dies 5 days later... - answer-Common disaster clause
Key Person Disability Insurance pays benefits to the - answer-Employer
Under a disability income policy, which provision would be payable if the cause
of an injury is unexpected and accidental? - answer-Accidental bodily injury
provision
What will the beneficiary receive if an annuitant dies during the accumulation
period? - answer-The greater of the accumulated cash value or the total
premium paid
Written notice for a health claim must be given to the insurer ___ days after
the occurrence of the loss. - answer-20
