NJ PROPERTY AND CASUALTY INSURANCE
PRODUCER EXAM SCRIPT 2026 FULL
PRACTICE QUESTIONS AND ANSWERS
◉ Bailee
Answer: the party who acquires possession, but not the title, of
personal property by one party to another, under agreement
◉ liability insurance
Answer: Provides third-party coverage the third-party is a person
who suffers damages due to the actions of an insured
◉ Torts
Answer: legal wrongs committed against a person
◉ Contributory Negligence
Answer: A legal defense that may be raised when the defendant feels
that the conduct of the plaintiff somehow contributed to any injuries
or damages that were sustained by the plaintiff.
◉ Comparative Negligence
, Answer: A theory in tort law under which the liability for injuries
resulting from negligent acts is shared by all parties who were
negligent (including the injured party), on the basis of each person's
proportionate negligence.
◉ Assumption of Risk
Answer: voluntarily and knowingly subjecting oneself to danger
◉ Vicarious Liability
Answer: when one person is liable for the torts of another
◉ Absolute Liability
Answer: liability without fault
◉ Supplementary Payments
Answer: Provide extra coverage over and above the insured's limits
of liability, Used for defense costs.
◉ Compensatory Damages
Answer: Damages which are intended to compensate the injured
third party for actual losses incurred
◉ Special damages also called economic losses
PRODUCER EXAM SCRIPT 2026 FULL
PRACTICE QUESTIONS AND ANSWERS
◉ Bailee
Answer: the party who acquires possession, but not the title, of
personal property by one party to another, under agreement
◉ liability insurance
Answer: Provides third-party coverage the third-party is a person
who suffers damages due to the actions of an insured
◉ Torts
Answer: legal wrongs committed against a person
◉ Contributory Negligence
Answer: A legal defense that may be raised when the defendant feels
that the conduct of the plaintiff somehow contributed to any injuries
or damages that were sustained by the plaintiff.
◉ Comparative Negligence
, Answer: A theory in tort law under which the liability for injuries
resulting from negligent acts is shared by all parties who were
negligent (including the injured party), on the basis of each person's
proportionate negligence.
◉ Assumption of Risk
Answer: voluntarily and knowingly subjecting oneself to danger
◉ Vicarious Liability
Answer: when one person is liable for the torts of another
◉ Absolute Liability
Answer: liability without fault
◉ Supplementary Payments
Answer: Provide extra coverage over and above the insured's limits
of liability, Used for defense costs.
◉ Compensatory Damages
Answer: Damages which are intended to compensate the injured
third party for actual losses incurred
◉ Special damages also called economic losses
