Casualty Producer NJ License Exam Fully Solved 2024.

Powers and duties of Commissioner - Answer Conduct research Make reasonable rules and regulations Issue orders and notices Issue insurance licenses and certificates of authority Impose penalties Approve insurance policy forms and rates 10 - Answer Amount of days notice before hearing Producers can be - Answer Agents, brokers or both Insurance agent - Answer a licensed insurance producer who is appointed by an insurer to sell insurance. represents the insurer not the insured Insurance broker - Answer a licensed insurance producer who negotiates insurance on behalf of insureds or policy owners, not on behalf of an insurer or agent. represent their clients, not the insurer or agent Insurance consultant - Answer a person who, for a fee, acts or holds himself out to the public or any licensee as offering any advice, counsel, opinion, or service with respect to the benefits, advantages, or disadvantages under any policy issued in this state selling, Soliciting, negotiating or binding policies of insurance - Answer Insurance related conduct Producer license requirements - Answer 18 years old Have no committed any act that is ground for denial, suspension or revocation of a license Complete the pre-licensing education requirement