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Exam (elaborations)

Life Insurance NJ Law Questions and Answers Updated 2026

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Life Insurance NJ Law Questions and Answers Updated 2026

Institution
Nj Life Producer
Course
Nj life producer









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Institution
Nj life producer
Course
Nj life producer

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Uploaded on
January 7, 2026
Number of pages
5
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers

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Life Insurance NJ Law Questions and
Answers Updated 2026
TheBMcCarran-FergusonBActBwasBpassedBbyBCongressBtoB-
BAnswerRedefineBtheBauthorityBofBtheBstateBandBfederalBgovernmentBtoBregulateBtheBinsuran
ceBindustry



TheBCommissionerBofBtheBNJBDepartmentBofBInsuranceBisBappointedBby:B-
BAnswerTheBgovernor



AccordingBtoBNewBJerseyBlaw,BcopiesBofBinsuranceBadvertisementsBmustBbeBmaintainedB-
BAnswerAtBtheBcompany'sBoffice



MakingBstatementsBwhichBareBfalseBandBderogatoryBaboutBtheBfinancialBconditionBofBtheBins
urerBis:B-BAnswerdefamation



ABproducerBhasBupBtoBhowBmanyBdaysBtoBnotifyBtheBDepartmentBofBanBaddressBchange?B-
BAnswer30Bdays



WhatBhoursBofBoperationBisBaBbranchBofficeBrequiredBtoBhave?B-
BAnswerMustBgiveBpublicBreasonableBaccess



InBNewBJersey,BaBproducerBwhoBviolatesBaBNewBJerseyBinsuranceBlawBforBtheBfirstBtimeBmay
BbeBfinedBupBtoB-BAnswer$5,000



TheBNewBJerseyBBankingBandBInsuranceBCommissionerBhasBtheBauthorityBtoBdoBallBofBtheBfo
llowingBactionsBEXCEPTB-BAnswerEstablishBinsuranceBratesBandBschedules



WhichBofBtheBfollowingBdoesBNOTBrequireBaBproducer'sBlicense?B-
BAnswerAnBofficeBmanagerBlimitedBtoBsupervisingBofficeBstaff



roducersBwhoseBlicensesBhaveBbeenBrevokedBmustBwaitBaBminimumBofBhowBlongBbeforeBrea
pplying?B-BAnswer5Byears



AnBinsurerBthatBisBincorporatedBunderBtheBlawsBofBNewBJersey,BwithoutBpermanentBstock,Ba
ndBitsBgoverningBbodyBelectedBbyBitsBpolicyholdersBis:B-BAnswerDomesticBmutualBinsurer

, ABproducerBassistsBanBinsuredBinBconvertingBaBlifeBpolicyBtoBreducedBpaid-
upBinsuranceBinBorderBtoBbuyBaBnewBpolicy.BThisBactionBisBbestBknownBasB-BAnswerreplacing



AnBinsurerBwhoBisBplacedBunderBanBorderBofBliquidationBbyBaBcourtBofBcompetentBjurisdictio
nBisBdefinedBunderBtheBtermsBofBtheBNewBJerseyBLifeBandBHealthBInsuranceBGuarantyBactBas
B-BAnswerAnBinsolventBinsurer



InsuranceBadvertisingBinBlocalBnewspapersBisBregulatedBbyBthe:B-
BAnswerNewBJerseyBDepartmentBofBBankingBandBInsurance



TheBBankingBandBInsuranceBCommissionerBmayBrevokeBtheBlicenseBofBaBproducerBwhoB-
BAnswerUsesBtheBlicenseBprimarilyBtoBobtainBinsuranceBforBhisBorBherBfamily



ABproducerBwhoBencouragesBanBinsuredBtoBlapseBoneBpolicyBandBbuyBaBnewBoneBbasedBon
BanBincompleteBcomparisonBofBtheBpoliciesBmayBbeBengagedBin:B-BAnswerTwisting



TheBprincipleBthatBinsuranceBisBnotBaBtransactionBofBcommerceBandBsoBshouldBbeBregulatedB
byBtheBstateBwasBestablishedBin:B-BAnswerPaulBv.BVirginia



ABproducerBwhoBsharesBcommissionBwithBaBclientBmayBbeBfoundBguiltyBof:B-BAnswerRebating



ABpolicyBillustrationBgivenBatBtheBtimeBofBsaleBdoesBnotBtypicallyBincludeBtheB-
BAnswerNamesBofBtheBbeneficiary



AllBofBtheBfollowingBitemsBmayBbeBconsideredBformsBofBadvertisingBforBlifeBinsuranceBexcept:
B-BAnswerBuyer'BGuides



CreditBlifeBinsuranceBmayBbeBissuedBtoBaBborrowerBinBwhichBofBtheBfollowingBforms?B-
BAnswerGroupBtermBlife



ABproducersBcertificationBofBlicenseBstatusBcontainsBallBofBtheBfollowingBinformationBexcept:B-
BAnswerPlaceBofBbirth
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