NJ Life Producer Exam Study Life Insurance Correct 100%(rated A)

NJ Life Producer Exam Study Life Insurance Correct 100%(rated A) Renewable Term Life Insurance - ANSWER An insurer must renew a renewable term policy at the policyowner's request regardless of the insurability status of the insured. Fixed-amount - ANSWER The settlement option that provides for payments to be made in regular installments to a beneficiary until the principal and interest are exhausted best describes: Must give public reasonable access. - ANSWER What hours of operation is a branch office required to have? Amount of indeptness - ANSWER Under a Credit Life Policy, the amount of coverage shall not exceed the: 180 Days - ANSWER In most circumstances, a temporary license in New Jersey shall not be valid for a period longer than: 31 Days - ANSWER Telemarketers must update their solicitation lists with the National Do Not Call Registry every... Notify the Producer whose policy is being replaced - ANSWER When replacing existing life insurance, an agent MUST... have their principle office in New Jersey - ANSWER A producer who wishes to hold a Resident NJ Life Producer license, who lives in another state, must... The ceding insurer - ANSWER A insurer procuring insurance for itself from another insurer is called... 90 days - ANSWER A business name authorization expires in