New Jersey Life Producer Exam Newest /New Jersey Life
Producer Exam Preparation /New Jersey Life Producer Practice
Exam With Complete Questions And Correct Detailed Answers
|Already Graded A+
legislative, executive, and judicial (the courts) - 100
correct answer as-what branches regulate the
insurance industry?
Paul v. Virginia (1869) - 100 correct answer as-
courts rules that insurance is not commerce, and the
states will regulate insurance, not the federal government
U.S. v. South-Eastern Underwriters Association (1944) -
100 correct answer as-courts ruled that insurance is
commerce/article of commerce, and federal government
will regulate insurance
McCarran-Ferguson Act (1945) - 100 correct answer
as-allowed states to continue to regulate insurance but
the federal government can intervene if state is ineffective
with its regulations
the governor - 100 correct answer as-who is the
commissioner of the department of banking and insurance
(DOBI) appointed by?
,the commissioner - 100 correct answer as-who is the
chief executive officer of the department?
conduct investigations, administer oaths, interrogate
licensee and others, and issue subpoenas - 100 correct
answer as-what does the commissioner have the power
to do?
contempt - 100 correct answer as-a person failing to
comply with a subpoena may be penalized for what?
at least 10 days - 100 correct answer as-when the
commissioner requests a public hearing, how many days
after after the notice of hearing must it be scheduled?
public law 15 - 100 correct answer as-determined
that federal antitrust laws would apply to insurance but
only to the extent that state regulation was not effective
agency contract - 100 correct answer as-a contract
that states the commissions agreement
30 days - 100 correct answer as-how many days
within the commissioner's final order does an intervenor
have to appeal a decision
Policyholder - 100 correct answer as-the governing
body of a mutual insurer is elected by?
, certificate of authority - 100 correct answer as-issued
to an insurer, by the commissioner, demonstrating it's
authority to transact business in the state
Retrocession - 100 correct answer as-when a
reinsurer procures insurance for themselves from another
reinsurer, this is known as?
life, health, casualty - 100 correct answer as-the
lines that must be filled to fulfill CE requirements in order
to renew a license
a former sales representative - 100 correct answer
as-a person that could be a insurance consultant
the superior court - 100 correct answer as-a
producer wishing to appeal the final order of the
commissioner would appeal to ?
nonresident - 100 correct answer as-a producer that
does not need to fulfill CE requirements
CLU - 100 correct answer as-a course the
department of insurance would count towards the CE
requirement needed to renew the license
at least 19 years of age - 100 correct answer as-
what the commissioner does not need to confirm of an
Producer Exam Preparation /New Jersey Life Producer Practice
Exam With Complete Questions And Correct Detailed Answers
|Already Graded A+
legislative, executive, and judicial (the courts) - 100
correct answer as-what branches regulate the
insurance industry?
Paul v. Virginia (1869) - 100 correct answer as-
courts rules that insurance is not commerce, and the
states will regulate insurance, not the federal government
U.S. v. South-Eastern Underwriters Association (1944) -
100 correct answer as-courts ruled that insurance is
commerce/article of commerce, and federal government
will regulate insurance
McCarran-Ferguson Act (1945) - 100 correct answer
as-allowed states to continue to regulate insurance but
the federal government can intervene if state is ineffective
with its regulations
the governor - 100 correct answer as-who is the
commissioner of the department of banking and insurance
(DOBI) appointed by?
,the commissioner - 100 correct answer as-who is the
chief executive officer of the department?
conduct investigations, administer oaths, interrogate
licensee and others, and issue subpoenas - 100 correct
answer as-what does the commissioner have the power
to do?
contempt - 100 correct answer as-a person failing to
comply with a subpoena may be penalized for what?
at least 10 days - 100 correct answer as-when the
commissioner requests a public hearing, how many days
after after the notice of hearing must it be scheduled?
public law 15 - 100 correct answer as-determined
that federal antitrust laws would apply to insurance but
only to the extent that state regulation was not effective
agency contract - 100 correct answer as-a contract
that states the commissions agreement
30 days - 100 correct answer as-how many days
within the commissioner's final order does an intervenor
have to appeal a decision
Policyholder - 100 correct answer as-the governing
body of a mutual insurer is elected by?
, certificate of authority - 100 correct answer as-issued
to an insurer, by the commissioner, demonstrating it's
authority to transact business in the state
Retrocession - 100 correct answer as-when a
reinsurer procures insurance for themselves from another
reinsurer, this is known as?
life, health, casualty - 100 correct answer as-the
lines that must be filled to fulfill CE requirements in order
to renew a license
a former sales representative - 100 correct answer
as-a person that could be a insurance consultant
the superior court - 100 correct answer as-a
producer wishing to appeal the final order of the
commissioner would appeal to ?
nonresident - 100 correct answer as-a producer that
does not need to fulfill CE requirements
CLU - 100 correct answer as-a course the
department of insurance would count towards the CE
requirement needed to renew the license
at least 19 years of age - 100 correct answer as-
what the commissioner does not need to confirm of an
