NJ ACCIDENT AND HEALTH PRODUCER LATEST EXAMINATION
QUESTIONS WITH VERIFIED ANSWERS. / ALREADY GRADED A+
An agent has committed an insurance crime that violates US code 1033 (interstate commerce) who
would be responsible for the prosection of this rime
US Attorney general
Which of these may not be usrd in health insraunce adversitsement
An insurance company's trademark instead of tyhe compmay actual name
An agent is an?
licensed producer who has written contract to represent a insurer
In new jerset rge penalty for first time vilation is
5,000
A buyers guide must
Have it's content approved by the Insurance Commissioner
In order to be eligilbe for a non-resident producer license an indivual must do what
Hold a comparable license in another state
An example of rebating is
A producer who shares commissions with a client
Advertising for a life insiurance policy does not contain which of the follwing
Agents comminsion rate
Nina just passed her new jersey insurance licensing exam, she is requored to apply for a prodyucers
license in how many months
12
Except for fraud the time after issuance of a policy during which an insurance company may conest a
health insurance due to the statements of an appliocation is
2 years
Insurance licneses are intended to be issued for the purpose of authorizing the transaction of busniess
with members of the general public and not primarily allowing someone to benefit from
commisiomns on business which insures their personal interest is a descrption of what
controlled buisness
Insurers are requred to keep copies of policy summaries and Buyers guide on file for at least
, three years after document are used
Replacment egulation is designed to protect interests of
policyowners
if an insurer receives a notice of claim under an indivudal health policy, and fails to provide proof of
loss forms within 15 days the insured must?
file a written proof of loss, detailing the occurence character and extent of the loss
In accordance with New jersey, a law producer must remit health insurnce premiums to the insurer
within wjhat time period
7 business days
Before conducting a HIV related test, an indsurer is required to obtain written authorization from the
proposed insured
Producer licnese denials are appealed at a hearing before
Office of Administrative law
How long must an insurance company keep records on file of life insurance replacement activity
5 years
Producers may be found gulity of defamation if they make a false state,ent that is intneded to
malign another insurance company
Reinstatement of an indivudal health insurance plan requires
Payment of premium and evidence of insurability required
Jay the producer is giving insurance advice regarding a prospoects ecisting coverage if jay were to
receive a fee for this advice he must
obtain a signed memorandum from the prospect acknowledging the amount of comoensation
Maria the agent would like to advettise annuoty product on s highway billboard which of the
follwoiung must be included in the advertisement
her name
Under NJ law contuinace of benefits ;aw notice to extdnd coverage is requires within how many days
of qualitiving event
30 days
which type of injury would not be coverd under a health insurance policy
work-related
QUESTIONS WITH VERIFIED ANSWERS. / ALREADY GRADED A+
An agent has committed an insurance crime that violates US code 1033 (interstate commerce) who
would be responsible for the prosection of this rime
US Attorney general
Which of these may not be usrd in health insraunce adversitsement
An insurance company's trademark instead of tyhe compmay actual name
An agent is an?
licensed producer who has written contract to represent a insurer
In new jerset rge penalty for first time vilation is
5,000
A buyers guide must
Have it's content approved by the Insurance Commissioner
In order to be eligilbe for a non-resident producer license an indivual must do what
Hold a comparable license in another state
An example of rebating is
A producer who shares commissions with a client
Advertising for a life insiurance policy does not contain which of the follwing
Agents comminsion rate
Nina just passed her new jersey insurance licensing exam, she is requored to apply for a prodyucers
license in how many months
12
Except for fraud the time after issuance of a policy during which an insurance company may conest a
health insurance due to the statements of an appliocation is
2 years
Insurance licneses are intended to be issued for the purpose of authorizing the transaction of busniess
with members of the general public and not primarily allowing someone to benefit from
commisiomns on business which insures their personal interest is a descrption of what
controlled buisness
Insurers are requred to keep copies of policy summaries and Buyers guide on file for at least
, three years after document are used
Replacment egulation is designed to protect interests of
policyowners
if an insurer receives a notice of claim under an indivudal health policy, and fails to provide proof of
loss forms within 15 days the insured must?
file a written proof of loss, detailing the occurence character and extent of the loss
In accordance with New jersey, a law producer must remit health insurnce premiums to the insurer
within wjhat time period
7 business days
Before conducting a HIV related test, an indsurer is required to obtain written authorization from the
proposed insured
Producer licnese denials are appealed at a hearing before
Office of Administrative law
How long must an insurance company keep records on file of life insurance replacement activity
5 years
Producers may be found gulity of defamation if they make a false state,ent that is intneded to
malign another insurance company
Reinstatement of an indivudal health insurance plan requires
Payment of premium and evidence of insurability required
Jay the producer is giving insurance advice regarding a prospoects ecisting coverage if jay were to
receive a fee for this advice he must
obtain a signed memorandum from the prospect acknowledging the amount of comoensation
Maria the agent would like to advettise annuoty product on s highway billboard which of the
follwoiung must be included in the advertisement
her name
Under NJ law contuinace of benefits ;aw notice to extdnd coverage is requires within how many days
of qualitiving event
30 days
which type of injury would not be coverd under a health insurance policy
work-related
