New Jersey Laws and Rules Questions &
Answers
1.An agent is required to keep replacement forms on file for at least
years.
Answer 5
2.Maria the agent would like to advertise an annuity product on a highway
billboard. which of the following must be included in the advertisement?
Answer Her name
3.Employer sponsored group health insurance provides coverage for
which of the following?
Answer Alcoholism
4.Advertising regulations exist to
Answer Assure full and truthful disclosures to the public
5.An agent has committed an insurance crime that violates US code 1033
(interstate commerce). Who would be responsible for the prosecution of
this crime?
Answer US attorney general
6.Producers selling insurance in New Jersey, while having a residence
,and business address outside the state, are?
Answer Non-resident producers
7.The solicitation of a non-authorize contract in New Jersey violates
Answer New Jersey code
8.A producer who intentionally makes an untrue or incomplete statement
in the course of an insurance transaction may be guilty of
Answer Misrepresentation
9.A branch office certificate must be filed at least how many days
before conducting business at the specified branch?
Answer 30 days
10.Which of the following would be considered an unfair claim practice?
Answer Mis- representing insurance policy provisions affecting a loss
11.Which of the following is an example of defamation?
Answer Using derogatory statements about an insurance company's
financial condition
12.Someone who sells, solicits, or negotiates insurance contracts for
com- pensation on behalf of an insurer is called
Answer An insurance producer
,13.An example of rebating would be
Answer A producer who shares commissions with a client
14.The department of insurance may revoke a producers license for which
of the following?
Answer Felony conviction
15.The New Jersey temporary disability benefits law
Answer Provides non-occupation- al disability benefits
16.In New Jersey, an insurer is required to maintain files of all Published
and printed advertisements for
Answer 5 years from the date of last use
17.An insurance company owned by its policyholders is known as which
of the following?
Answer Mutual company
18.Which of the following designations is regulated by the department
of banking and insurance?
Answer National Association of insurance commissioners (NAIC)
19.After an annuity contract has been delivered by the producer, the free
look period is a a minimum of
Answer 10 days, but not more than 30 days
, 20.An insurance producer is issued an as evidence of authority.
Answer Li- cense
21.Which of the following is not a duty of the commissioner?
Answer Establish insur- ance rates
22.XYZ Company is looking to replace their existing group health coverage
with another plan. The replacing insurer is required to
Answer Accept all the individual eligible under the previous plan
23.A temporary producers license may be issued for up to
Answer 180 days
24.In New Jersey, the penalty for a first time violation of the code is?
Answer $5,000
25.The commissioner must approve
Answer Continuing education courses
26. One of the roles of the banking and insurance commissioner is to
Answer Establish continuing education requirements
27.In New Jersey, group health insurance may be offered to all of these
groups except
Answer College seminar participants
Answers
1.An agent is required to keep replacement forms on file for at least
years.
Answer 5
2.Maria the agent would like to advertise an annuity product on a highway
billboard. which of the following must be included in the advertisement?
Answer Her name
3.Employer sponsored group health insurance provides coverage for
which of the following?
Answer Alcoholism
4.Advertising regulations exist to
Answer Assure full and truthful disclosures to the public
5.An agent has committed an insurance crime that violates US code 1033
(interstate commerce). Who would be responsible for the prosecution of
this crime?
Answer US attorney general
6.Producers selling insurance in New Jersey, while having a residence
,and business address outside the state, are?
Answer Non-resident producers
7.The solicitation of a non-authorize contract in New Jersey violates
Answer New Jersey code
8.A producer who intentionally makes an untrue or incomplete statement
in the course of an insurance transaction may be guilty of
Answer Misrepresentation
9.A branch office certificate must be filed at least how many days
before conducting business at the specified branch?
Answer 30 days
10.Which of the following would be considered an unfair claim practice?
Answer Mis- representing insurance policy provisions affecting a loss
11.Which of the following is an example of defamation?
Answer Using derogatory statements about an insurance company's
financial condition
12.Someone who sells, solicits, or negotiates insurance contracts for
com- pensation on behalf of an insurer is called
Answer An insurance producer
,13.An example of rebating would be
Answer A producer who shares commissions with a client
14.The department of insurance may revoke a producers license for which
of the following?
Answer Felony conviction
15.The New Jersey temporary disability benefits law
Answer Provides non-occupation- al disability benefits
16.In New Jersey, an insurer is required to maintain files of all Published
and printed advertisements for
Answer 5 years from the date of last use
17.An insurance company owned by its policyholders is known as which
of the following?
Answer Mutual company
18.Which of the following designations is regulated by the department
of banking and insurance?
Answer National Association of insurance commissioners (NAIC)
19.After an annuity contract has been delivered by the producer, the free
look period is a a minimum of
Answer 10 days, but not more than 30 days
, 20.An insurance producer is issued an as evidence of authority.
Answer Li- cense
21.Which of the following is not a duty of the commissioner?
Answer Establish insur- ance rates
22.XYZ Company is looking to replace their existing group health coverage
with another plan. The replacing insurer is required to
Answer Accept all the individual eligible under the previous plan
23.A temporary producers license may be issued for up to
Answer 180 days
24.In New Jersey, the penalty for a first time violation of the code is?
Answer $5,000
25.The commissioner must approve
Answer Continuing education courses
26. One of the roles of the banking and insurance commissioner is to
Answer Establish continuing education requirements
27.In New Jersey, group health insurance may be offered to all of these
groups except
Answer College seminar participants
