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NJ Life Producer Exam lesson 9 Questions and Answers Updated 2026

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NJ Life Producer Exam lesson 9
Questions and Answers Updated
2026
InsurableBInterestB-
BAnswerrepresentsBtheBfinancialBimpactBthatBwouldBbeBincurredBbyBtheBlossBofBtheBinsuredB
personBorBproperty.



InsurableBInterestB-BAnswersomethingBofBvalueBthat,BifBlost,BwouldBcauseByouBfinancialBharm



WithBlifeBinsurance,BinsurableBinterestBisBnotBrequiredBafterBtheBpolicyBisBissued.B-
BAnswertrue



ItBisBneverBnecessaryBforBtheBpolicyBbeneficiaryBtoBhaveBanBinsurableBinterestBinBtheBinsured
BorBtheBpolicyowner.B-BAnswertrue



ImmediateBfamilyBrelationshipsBautomaticallyBrepresentBanBinsurableBinterest;BbeyondBthat,Bbu
rdenBofBproofBisBonBtheBapplicantBtoBshowBthatBoneBexists.B-BAnswertrue



BusinessBownersBandBpartnersBhaveBanBinsurableBinterestBinBtheirBkeyBemployeesBandBother
Bpartners.B-BAnswertrue



AllBtheBfollowingBreasonsBthatBaBbusinessBmightBbuyBlifeBinsuranceBrepresentBaBvalidBinsurab
leBinterest,BEXCEPT:B-BAnswertoBprovideBinsuranceBcoverageBforBlarge-volumeBcustomers
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