NJ Life, Accident and Health
Insurance Law Questions and
Answers Updated 2026
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BpenaltiesBforBcodeBviolations
Insurance Law Questions and
Answers Updated 2026
TheBPrincipalBpurposeBofBtheBNJBIndividualBHealthBCoverageBProgramBisBtoB-
BAnswerhelpBinsurersBofferBindividaulBhealthBinsuranceBtoBpersonsBwhoBmightBotherwiseBbeB
unableBtoBobtainBcoverageBasBsubstandardBrisks
InBNJ,BtheBCommissionerBofBBankingBandBInsuranceBis:B-BAnswerAppointedBbyBGoverner
AnBindividualBwhoseBlicenseBisBrevokedBwillBbeBentitledBtoBreapplyBafterBaBwaitingBperiodBof
B-BAnswer5ByearsBfromBdateBofBrevocation
InsuranceBrelatedBconductBincludesBallBofBtheBfollowingBEXCEPTB-
BAnswerAttendingBaBmeetingBofBtheBNationalBAssociationBofBInsuranceBCommissioners
AsBchiefBexectutiveBofficerBofBtheBDepartmentBofBBankingBandBInsurance,BtheBCommisionnerB
ofBInsuranceBmayBdoBallBEXCEPTB-BAnswerMakeBInsuranceBLaws
UnderBwhatBcircumstancesBcanBaBsurplusBlinesBagentBsellBaBpolicyBunderwrittenBbyBanBinsura
nceBcompanyBthatBisBNOTBliscensedBinBNJB-
BAnswerWhenBtheBcoverageBcannontBbeBobtainedBfromBanBauthroeitzedBinsurer
WithinBhowBmanyBdaysBofBopeningBaBbranchBofficeBmustBanBinsuranceBproducerBnotifyBtheB
Dept.BofBBankingBandBInsuranceB-BAnswer30BDays
TheBserviceBfeeBforBanyBoneBpolicyBcannotBexceedB-BAnswer20.00
HowBmanyBMedicareBsupplementsBcanBaBproducerBsellBtoBoneBpersonB-BAnswerOneBPolicy
WhichBofBtheBfollowingBisBaBpowerBofBtheBNJBCommissionerBofBBankingBandBInsuranceB-
BAnswerConductBivestigationsBsubpoenaBandBinterrogateBwitnessesBandBlicensees,BandBimpose
BpenaltiesBforBcodeBviolations