NJ LIFE PRODUCER EXAM PRACTICE
TEST WITH CORRECT ANSWERS
GRADED A+
A person failing to comply with a subpoena from the
Commissioner, may be charged with.. Correct Answer contempt
To be eligible for a resident producers license an individual must
meet which of the following requirements? Correct Answer
complete a course of education approved by the Banking and
Insurance Commissioner unless a waiver is obtained from the
department
What is issued to an insurer, by the Commissioner, demonstrating
it's authority to transact insurance business in the state? Correct
Answer certificate of authority
When an insurer procures insurance for itself from another insurer
it is called.. Correct Answer reinsurance
In order to receive fees other than commissions, a life insurance
producer acting as a consultant must first Correct Answer obtain a
,written memorandum from the prospect stating the amount of
compensation
A producer acting as an agent may take all the following actions
EXCEPT: Correct Answer Place insurance with a company the
producer does not represent
A producer wishing to appeal the final order of the Commissioner
would appeal to.. Correct Answer The superior court
which of the following producers does NOT need to satisfy CE
credits? Correct Answer nonresident
Continuing education credit may be earned for completing which
of the following courses? Correct Answer CLU designation
courses
A New Jersey producer who resides in Pennsylvania but
maintains a principal place of business in New Jersey and who
has selected New Jersey as their home state is referred to as
which of the following? Correct Answer resident
What is the MINIMUM age requirement for licensure as a
nonresident producer? Correct Answer 18
,When applying for a producer's license, an applicant must have
passed the state licensing exam within how long from the date of
their application for license? Correct Answer 12 months
When applying for a producer's license, an applicant must have
completed a pre-licensing course of education within how long
from the date of their license application? Correct Answer 24
months
After an applicant successfully passes the state exam in the line
of authority they are applying for, they can be issued a temporary
certificate that expires no more then HOW MANY days after
insurance? Correct Answer 60 days
Upon cancellation of an agency contract with a producer, the
insurer must give written notice to the Commissioner within how
many days? Correct Answer 15 days
A temporary work authority to act as a producer is issued at which
of the following times? Correct Answer When an applicant passes
a licensing examination and responds negatively to all
background questions
If a producer allows his license to lapse, how long before he has
to meet all standard pre-licensing requirements again? Correct
Answer 12 months
, A producer's license is considered the property of Correct Answer
The State of New Jersey
A voluntarily terminated producer license may be reinstated
during the same period if the producer takes which of the
following actions? Correct Answer completes a new license
application
A producers certification of license status contains all of the
following information EXCEPT: Correct Answer place of birth
The Banking and Insurance Commissioner may revoke the
license of a producer who.. Correct Answer uses the license
primarily to obtain insurance for his or her family
If a producer's license is revoked, he must wait how long before
applying for reinstatement? Correct Answer 5 years
The New Jersey Life and Health Guaranty Association is derived
from.. Correct Answer Assessment on member companies
If a producer's license is suspended, he must wait how long
before applying for reinstatement? Correct Answer Immediately
after the period of suspension
TEST WITH CORRECT ANSWERS
GRADED A+
A person failing to comply with a subpoena from the
Commissioner, may be charged with.. Correct Answer contempt
To be eligible for a resident producers license an individual must
meet which of the following requirements? Correct Answer
complete a course of education approved by the Banking and
Insurance Commissioner unless a waiver is obtained from the
department
What is issued to an insurer, by the Commissioner, demonstrating
it's authority to transact insurance business in the state? Correct
Answer certificate of authority
When an insurer procures insurance for itself from another insurer
it is called.. Correct Answer reinsurance
In order to receive fees other than commissions, a life insurance
producer acting as a consultant must first Correct Answer obtain a
,written memorandum from the prospect stating the amount of
compensation
A producer acting as an agent may take all the following actions
EXCEPT: Correct Answer Place insurance with a company the
producer does not represent
A producer wishing to appeal the final order of the Commissioner
would appeal to.. Correct Answer The superior court
which of the following producers does NOT need to satisfy CE
credits? Correct Answer nonresident
Continuing education credit may be earned for completing which
of the following courses? Correct Answer CLU designation
courses
A New Jersey producer who resides in Pennsylvania but
maintains a principal place of business in New Jersey and who
has selected New Jersey as their home state is referred to as
which of the following? Correct Answer resident
What is the MINIMUM age requirement for licensure as a
nonresident producer? Correct Answer 18
,When applying for a producer's license, an applicant must have
passed the state licensing exam within how long from the date of
their application for license? Correct Answer 12 months
When applying for a producer's license, an applicant must have
completed a pre-licensing course of education within how long
from the date of their license application? Correct Answer 24
months
After an applicant successfully passes the state exam in the line
of authority they are applying for, they can be issued a temporary
certificate that expires no more then HOW MANY days after
insurance? Correct Answer 60 days
Upon cancellation of an agency contract with a producer, the
insurer must give written notice to the Commissioner within how
many days? Correct Answer 15 days
A temporary work authority to act as a producer is issued at which
of the following times? Correct Answer When an applicant passes
a licensing examination and responds negatively to all
background questions
If a producer allows his license to lapse, how long before he has
to meet all standard pre-licensing requirements again? Correct
Answer 12 months
, A producer's license is considered the property of Correct Answer
The State of New Jersey
A voluntarily terminated producer license may be reinstated
during the same period if the producer takes which of the
following actions? Correct Answer completes a new license
application
A producers certification of license status contains all of the
following information EXCEPT: Correct Answer place of birth
The Banking and Insurance Commissioner may revoke the
license of a producer who.. Correct Answer uses the license
primarily to obtain insurance for his or her family
If a producer's license is revoked, he must wait how long before
applying for reinstatement? Correct Answer 5 years
The New Jersey Life and Health Guaranty Association is derived
from.. Correct Answer Assessment on member companies
If a producer's license is suspended, he must wait how long
before applying for reinstatement? Correct Answer Immediately
after the period of suspension
