NJ Title Exam Questions and answers Newest RATED A+ 2025/2026

NJ Title Exam Ques ons and answers Newest RATED A+
2025/2026
An insurance agent is defined as an individual who transacts business on behalf of a _______ -
CORRECT ANSWERS a client



Knowingly making false statements which are derogatory against and meant solely to injure
another - CORRECT ANSWERS defama%on



Type of authority that is either stated orally or in wri%ng and allows an agent to act on behalf of
the insurance company - CORRECT ANSWERS express authority



Type of authority holds an agent has when any reasonable person assumes the agent has -
CORRECT ANSWERS apparent authority



The chance or uncertainty of loss - CORRECT ANSWERS risk



Condi%ons and ground rules for a policy specify - CORRECT ANSWERS obliga%ons and
responsibili%es for the insurer and the insured



The insuring agreement of a property insurance policy includes - CORRECT ANSWERS promise
made by the insurance company to the insured to provide coverage



Insurable Interest means - CORRECT ANSWERS type of investment that protects anything
subject to a financial loss



A loss for which there is no protec%on under insurance policy terms - CORRECT ANSWERS
exclusion

, Modified Whole Life Policies - CORRECT ANSWERS The premium is lower than normal during
the early years and increases to a fixed premium a,er a 3-5 year period



In which of the DP Forms is the dwelling covered under open perils and the personal property
on a named peril basis - CORRECT ANSWERS DP - 3



In a level term life policy, _______ always remains constant - CORRECT ANSWERS death
benefit



This is excluded on DP - 3 coverage - CORRECT ANSWERS Ice damage to homes



Dwelling Property Policy's cover - CORRECT ANSWERS mountain vaca%on homes used on
weekends and summers



DP - 1 basic policy covers - CORRECT ANSWERS Lightning Strikes and Not Earthquakes



Grace periods protect policy holders from - CORRECT ANSWERS uninten%onal lapses of the
policy



Dwelling Policy condi%ons describe how an insurance company - CORRECT ANSWERS has the
op%on to repair to pre-loss condi%ons



The policy and applica%on cons%tute the complete agreement between the policyowner and
the insurance company - CORRECT ANSWERS En%re Contract Provision



Is switching the policy from one insured top another an ownership right? - CORRECT ANSWERS
NO.

, Under the misstatement of age provision, what happens if it is determined at death that the
insured's age or gender was misstated on a life insurance policy applica%on - CORRECT
ANSWERS Benefits are adjusted to an amount that the premium would have purchased at the
correct age or gender



______ is NOT a nonforfeiture op%on available in a Whole Life Policy - CORRECT ANSWERS
Accumula%on at interest



During the first 60 days an automobile policy is in force, when may an insurer cancel the policy?
- CORRECT ANSWERS by a statement of the specific reason



These are not covered by %tle insurance - CORRECT ANSWERS Exclusions



These outline the rela%onships between insurance companies and the insured - CORRECT
ANSWERS Condi%ons



Temporary transfer of %tle to insurance companies for li%ga%on purposes - CORRECT ANSWERS
subroga%on



This schedule contains policy number, amount, dates, company info, legal descrip%ons of
property - CORRECT ANSWERS Schedule A



This schedule iden%fies exemp%ons that carry over and how they may have been sa%sfied. IE
gaps in %me, lack of signatures on old documents - CORRECT ANSWERS Schedule B



Temporary Work Cer%ficates last for - CORRECT ANSWERS 6 months



This tenancy has right of survivorship - CORRECT ANSWERS Join Tenancy