1|Page
NEW JERSEY LIFE AND HEALTH INSURANCE EXAM
2025/2026 | ACTUAL REAL EXAM TEST BANK WITH 4
COMPLETE VERSIONS | 100 QUESTIONS EACH WITH
CORRECT ANSWERS AND STUDY GUIDE | EXPERT
VERIFIED FOR GUARANTEED PASS | LATEST
UPDATED VERSION
Home health care
Which type of long-term care benefit would be most appropriate for a stroke victim who requires
speech therapy administered at her home?
Employee must be able to make unlimited contributions
Which of the following is NOT a federal requirement of a qualified plan?
Because dividends are considered to be a return of premium
Why are dividends from a mutual insurer not subject to taxation?
Making false financial statements
The treasurer of XYZ Insurance Company discovers that the treasurer's company is being
investigated by the Banking and Insurance Commissioner…
Payor benefit
Which type of rider will waive the premium on a child's life insurance policy if the parent paying
the premium dies?
Bi-weekly
Which of these premium payment frequencies is not typically available to a policy owner?
Her name
Maria the agent would like to advertise an annuity product on a highway billboard. Which of the
following must be included in the advertisement?
Cost of living benefit
Which disability policy provision would address any concerns of the value of the benefits
decreasing over time?
,2|Page
The benefit can be offered as a rider at a specific extra cost or may be at no cost
Which of these is NOT a characteristic of the Accelerated Death Benefit option?
Changes made by the producer
All of the following are included as part of a contract in the entire contract provision EXCEPT
the
Implied
The power given to an individual producer that is not specifically addressed in his/her contract is
considered what type of authority?
Common disaster clause
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…
Employer
Key Person Disability Insurance pays benefits to the
Accidental bodily injury provision
Under a disability income policy, which provision would be payable if the cause of an injury is
unexpected and accidental?
The greater of the accumulated cash value or the total premium paid
What will the beneficiary receive if an annuitant dies during the accumulation period?
20
Written notice for a health claim must be given to the insurer ___ days after the occurrence of the
loss.
Unpaid premium
Craig submits a $500 claim for medical expenses. With a past due premium of $100, the insurer
pays $400. Which of the Uniform Optional Provisions covers this situation?
20
How many employees must an employer have for a terminated employee to be eligible for
COBRA?
30
A licensed producer is required to file notice of any change of address within how many days?
, 3|Page
Agent's commission rate
Advertising material for a life insurance policy does NOT need to contain which of the
following?
$5,000
What is the maximum fine for a producer violating a New Jersey Insurance law for the first
time?
12 months
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?
May 30
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?
The insurer's obligation to pay a death benefit upon an approved death claim
Under a life insurance policy, what does the insuring clause state?
deductible
Jennifer is required to pay a specific sum out of pocket before any benefits are paid in a year. Her
health policy most likely contains a(n)
Every two years
How often must an insurance producer's license in New Jersey be renewed?
7
Pierre the producer receives a premium for an individual health insurance policy. Pierre MUST
remit the premium to his insurer within ___ business days of receipt.
fare-paying passenger
A life insurance policy normally contains a provision that restricts coverage in the event of death
under all of the following situations EXCEPT
producer who charges fees for advice
An insurance consultant is BEST defines as a
Fair Credit Reporting Act
NEW JERSEY LIFE AND HEALTH INSURANCE EXAM
2025/2026 | ACTUAL REAL EXAM TEST BANK WITH 4
COMPLETE VERSIONS | 100 QUESTIONS EACH WITH
CORRECT ANSWERS AND STUDY GUIDE | EXPERT
VERIFIED FOR GUARANTEED PASS | LATEST
UPDATED VERSION
Home health care
Which type of long-term care benefit would be most appropriate for a stroke victim who requires
speech therapy administered at her home?
Employee must be able to make unlimited contributions
Which of the following is NOT a federal requirement of a qualified plan?
Because dividends are considered to be a return of premium
Why are dividends from a mutual insurer not subject to taxation?
Making false financial statements
The treasurer of XYZ Insurance Company discovers that the treasurer's company is being
investigated by the Banking and Insurance Commissioner…
Payor benefit
Which type of rider will waive the premium on a child's life insurance policy if the parent paying
the premium dies?
Bi-weekly
Which of these premium payment frequencies is not typically available to a policy owner?
Her name
Maria the agent would like to advertise an annuity product on a highway billboard. Which of the
following must be included in the advertisement?
Cost of living benefit
Which disability policy provision would address any concerns of the value of the benefits
decreasing over time?
,2|Page
The benefit can be offered as a rider at a specific extra cost or may be at no cost
Which of these is NOT a characteristic of the Accelerated Death Benefit option?
Changes made by the producer
All of the following are included as part of a contract in the entire contract provision EXCEPT
the
Implied
The power given to an individual producer that is not specifically addressed in his/her contract is
considered what type of authority?
Common disaster clause
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…
Employer
Key Person Disability Insurance pays benefits to the
Accidental bodily injury provision
Under a disability income policy, which provision would be payable if the cause of an injury is
unexpected and accidental?
The greater of the accumulated cash value or the total premium paid
What will the beneficiary receive if an annuitant dies during the accumulation period?
20
Written notice for a health claim must be given to the insurer ___ days after the occurrence of the
loss.
Unpaid premium
Craig submits a $500 claim for medical expenses. With a past due premium of $100, the insurer
pays $400. Which of the Uniform Optional Provisions covers this situation?
20
How many employees must an employer have for a terminated employee to be eligible for
COBRA?
30
A licensed producer is required to file notice of any change of address within how many days?
, 3|Page
Agent's commission rate
Advertising material for a life insurance policy does NOT need to contain which of the
following?
$5,000
What is the maximum fine for a producer violating a New Jersey Insurance law for the first
time?
12 months
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?
May 30
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?
The insurer's obligation to pay a death benefit upon an approved death claim
Under a life insurance policy, what does the insuring clause state?
deductible
Jennifer is required to pay a specific sum out of pocket before any benefits are paid in a year. Her
health policy most likely contains a(n)
Every two years
How often must an insurance producer's license in New Jersey be renewed?
7
Pierre the producer receives a premium for an individual health insurance policy. Pierre MUST
remit the premium to his insurer within ___ business days of receipt.
fare-paying passenger
A life insurance policy normally contains a provision that restricts coverage in the event of death
under all of the following situations EXCEPT
producer who charges fees for advice
An insurance consultant is BEST defines as a
Fair Credit Reporting Act
