TITLE PRODUCER EXAM NJ TEST BANK 2026
EXAM REVIEW WITH SOLVED QUESTIONS
GRADED A+
Professional liability policies protect against liability resulting from - CORRECT CORRECT ANSWERA.
Errors and Omissions
Page 46
Mini-Tail or Extended. Page 60 - CORRECT CORRECT ANSWERB. 60 Days after expiration date
Not an exclusion under auto physical damage selection. Page 28 - CORRECT CORRECT ANSWERC.
Carpools
Not a covered territory in the personal auto policy. Page 25 - CORRECT CORRECT ANSWERC. Mexico
Which is covered under other than collision section of your auto policy. Page 26 - CORRECT CORRECT
ANSWERA. Hail damage to your car
Nationwide Marine Define classifies risks can be written. Page 95 - CORRECT CORRECT ANSWERB. Inland
marine form
Assignment provision of policy to another person without written consent
page 51 - CORRECT CORRECT ANSWERA. Get permission from insurance
Not something of value exchanged policy. Page 13 - CORRECT CORRECT ANSWERD. Application given to
prospective insured
,The following are insured under auto policy EXCEPT. Page 38 - CORRECT CORRECT ANSWERB. Spouse of
name insured NOT living in household
Occurrence form trigger based on. Page 17 - CORRECT CORRECT ANSWERD. Date injury occurs
Maximum coverage bodily injury offered by NJ Full Insurance Underwriting Association. Page 55 -
CORRECT CORRECT ANSWERD. $500,000.00
Duties of insurer include all of the following EXCEPT - CORRECT CORRECT ANSWERB. Notify the insured if
financial difficulty
List of lines or classes of insurance for there exists no reasonable market among authorized insurers in
the state. Page 61 - CORRECT CORRECT ANSWERA. Exportable List
Which of the following best describes an insurance company that has been formed in home state? Page
99 - CORRECT CORRECT ANSWERDomestic
Maximum penalty for the 1st violation of insurance law.
Page 105
ON State exam! - CORRECT CORRECT ANSWER$5,000.00.
Which of the following is included in the term insurance related conduct? Page 101 - CORRECT CORRECT
ANSWERB. Transmitting funds between producers & insurance companies
One advantage of claims made forms form insurers point of view. Page 18 - CORRECT CORRECT
ANSWERB. Prevents the stacking of limits.
A date stipulated on Declaration page of claims made policy as 1st date of incident. Page 18 - CORRECT
CORRECT ANSWERRetroactive date
Several years after liability loss a bus owner is made aware of her incident. Page 17 - CORRECT CORRECT
ANSWERA. Occurrence Policy
, Supplementary payments are made in. Page 21 - CORRECT CORRECT ANSWERB. Addition to the policy
Purpose of Commercial Insurance Deregulation Act is page. 59 - CORRECT CORRECT ANSWERB. To
protect against excessive & unfair rates
Certification of license status contains ALl EXcept? Page 110 - CORRECT CORRECT ANSWERHow long a
person is licensed
Insurance company cancels your Agency contract . Page 112 - CORRECT CORRECT ANSWERB. 15 days
Producer must notify Commissioner within how many days of a conviction of a crime. Page 111 -
CORRECT CORRECT ANSWER30 Days
Defamation best described. page 115 - CORRECT CORRECT ANSWERD. Making maliciously critical
statements about financial condition of any person or company.
When would a misrepresentation on an insurance application be considered fraud? Page 10 - CORRECT
CORRECT ANSWERWhen it is intentional and material
Insured had HO4 with $30,000 limit for personal property. While traveling a fire destroys clothing
luggage and jewelry with total replacement cost of $20,000. At 20% depreciation how much is paid?
ON State exam!!
Replacement cost-depreciation value
$20,000-20% (20) 20%=0.2 = 20/100
$20,000-4,000= $16,000 - CORRECT CORRECT ANSWER$16,000.
When you are acting as a broker you represent the - CORRECT CORRECT ANSWERB. Client
EXAM REVIEW WITH SOLVED QUESTIONS
GRADED A+
Professional liability policies protect against liability resulting from - CORRECT CORRECT ANSWERA.
Errors and Omissions
Page 46
Mini-Tail or Extended. Page 60 - CORRECT CORRECT ANSWERB. 60 Days after expiration date
Not an exclusion under auto physical damage selection. Page 28 - CORRECT CORRECT ANSWERC.
Carpools
Not a covered territory in the personal auto policy. Page 25 - CORRECT CORRECT ANSWERC. Mexico
Which is covered under other than collision section of your auto policy. Page 26 - CORRECT CORRECT
ANSWERA. Hail damage to your car
Nationwide Marine Define classifies risks can be written. Page 95 - CORRECT CORRECT ANSWERB. Inland
marine form
Assignment provision of policy to another person without written consent
page 51 - CORRECT CORRECT ANSWERA. Get permission from insurance
Not something of value exchanged policy. Page 13 - CORRECT CORRECT ANSWERD. Application given to
prospective insured
,The following are insured under auto policy EXCEPT. Page 38 - CORRECT CORRECT ANSWERB. Spouse of
name insured NOT living in household
Occurrence form trigger based on. Page 17 - CORRECT CORRECT ANSWERD. Date injury occurs
Maximum coverage bodily injury offered by NJ Full Insurance Underwriting Association. Page 55 -
CORRECT CORRECT ANSWERD. $500,000.00
Duties of insurer include all of the following EXCEPT - CORRECT CORRECT ANSWERB. Notify the insured if
financial difficulty
List of lines or classes of insurance for there exists no reasonable market among authorized insurers in
the state. Page 61 - CORRECT CORRECT ANSWERA. Exportable List
Which of the following best describes an insurance company that has been formed in home state? Page
99 - CORRECT CORRECT ANSWERDomestic
Maximum penalty for the 1st violation of insurance law.
Page 105
ON State exam! - CORRECT CORRECT ANSWER$5,000.00.
Which of the following is included in the term insurance related conduct? Page 101 - CORRECT CORRECT
ANSWERB. Transmitting funds between producers & insurance companies
One advantage of claims made forms form insurers point of view. Page 18 - CORRECT CORRECT
ANSWERB. Prevents the stacking of limits.
A date stipulated on Declaration page of claims made policy as 1st date of incident. Page 18 - CORRECT
CORRECT ANSWERRetroactive date
Several years after liability loss a bus owner is made aware of her incident. Page 17 - CORRECT CORRECT
ANSWERA. Occurrence Policy
, Supplementary payments are made in. Page 21 - CORRECT CORRECT ANSWERB. Addition to the policy
Purpose of Commercial Insurance Deregulation Act is page. 59 - CORRECT CORRECT ANSWERB. To
protect against excessive & unfair rates
Certification of license status contains ALl EXcept? Page 110 - CORRECT CORRECT ANSWERHow long a
person is licensed
Insurance company cancels your Agency contract . Page 112 - CORRECT CORRECT ANSWERB. 15 days
Producer must notify Commissioner within how many days of a conviction of a crime. Page 111 -
CORRECT CORRECT ANSWER30 Days
Defamation best described. page 115 - CORRECT CORRECT ANSWERD. Making maliciously critical
statements about financial condition of any person or company.
When would a misrepresentation on an insurance application be considered fraud? Page 10 - CORRECT
CORRECT ANSWERWhen it is intentional and material
Insured had HO4 with $30,000 limit for personal property. While traveling a fire destroys clothing
luggage and jewelry with total replacement cost of $20,000. At 20% depreciation how much is paid?
ON State exam!!
Replacement cost-depreciation value
$20,000-20% (20) 20%=0.2 = 20/100
$20,000-4,000= $16,000 - CORRECT CORRECT ANSWER$16,000.
When you are acting as a broker you represent the - CORRECT CORRECT ANSWERB. Client
