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NJ LIFE PRODUCER EXAM, PRACTICE EXAM
AND STUDYGUIDE NEWEST 2025 COMPLETE 500
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+
What organization protects persons against failure of
life and health insurance policies and annuity contracts
because of the impairment or insolvency of the insurer?
Select one:
a. PPACA
b. New Jersey Insurance Board
c. New Jersey Insolvency Protection Board
d. New Jersey Life and Health Guaranty Association -
.....ANSWER ...✔✔ d. New Jersey Life and Health
Guaranty Association
The United States v. South-Eastern Underwriters
Association decision ruled that insurance transactions
crossing state lines are:
Select one:
a. Considered intrastate commerce
b. Not interstate commerce
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c. Interstate commerce
d. Unenforceable - .....ANSWER ...✔✔ c. Interstate
Commerce
What is the monetary penalty for multiple knowing
violations of the information privacy rules?
Select one:
a. $2,500
b. $5,000
c. $7,500
d. $10,000 - .....ANSWER ...✔✔ d. $10,000
Which of the following would NOT be considered unfair
discrimination?
Select one:
a. Discrimination abased on genetics
b. Discrimination abased on DNA
c. Discrimination abased on blindness
d. Discrimination abased on occupation - .....ANSWER
...✔✔ d. Discrimination based on occupation
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An insurance producer who places insurance in an
insurance company that he does not represent as an
agent is an:
Select one:
a. Insurance counselor
b. Insurance solicitor
c. Insurance consultant
d. Insurance broker - .....ANSWER ...✔✔ d. Insurance
Broker
Which of the following is NOT true of an employment
contract between a company and a producer?
Select one:
a. The employment contract must be in writing.
b. The employment contract must include all license
authorities of the parties.
c. An employer must notify the Department.
d. The employer must examine the credentials of the
employee. - .....ANSWER ...✔✔ b. The employment
contract must include all license authorities of the parties.
Inducing a policyholder to switch insurance companies
without regard to bad consequences is:
Select one:
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a. Boycott
b. Churning
c. Twisting
d. Defamation - .....ANSWER ...✔✔ c. Twisting
If the Department determines that an applicant is
unqualified, the Department must transmit it for a
hearing to the:
Select one:
a. Office of the Attorney General
b. Office of Administrative Law
c. State Insurance Committee of the legislature
d. Licensing Review Board - .....ANSWER ...✔✔ b.
Office of Administrative Law
If the Commissioner determines that someone has
engaged in an unfair method of competition, he will
issue:
Select one:
a. A cease and desist order
b. A contempt of court order
c. A revocation of license decree
NJ LIFE PRODUCER EXAM, PRACTICE EXAM
AND STUDYGUIDE NEWEST 2025 COMPLETE 500
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+
What organization protects persons against failure of
life and health insurance policies and annuity contracts
because of the impairment or insolvency of the insurer?
Select one:
a. PPACA
b. New Jersey Insurance Board
c. New Jersey Insolvency Protection Board
d. New Jersey Life and Health Guaranty Association -
.....ANSWER ...✔✔ d. New Jersey Life and Health
Guaranty Association
The United States v. South-Eastern Underwriters
Association decision ruled that insurance transactions
crossing state lines are:
Select one:
a. Considered intrastate commerce
b. Not interstate commerce
,2|Page
c. Interstate commerce
d. Unenforceable - .....ANSWER ...✔✔ c. Interstate
Commerce
What is the monetary penalty for multiple knowing
violations of the information privacy rules?
Select one:
a. $2,500
b. $5,000
c. $7,500
d. $10,000 - .....ANSWER ...✔✔ d. $10,000
Which of the following would NOT be considered unfair
discrimination?
Select one:
a. Discrimination abased on genetics
b. Discrimination abased on DNA
c. Discrimination abased on blindness
d. Discrimination abased on occupation - .....ANSWER
...✔✔ d. Discrimination based on occupation
,3|Page
An insurance producer who places insurance in an
insurance company that he does not represent as an
agent is an:
Select one:
a. Insurance counselor
b. Insurance solicitor
c. Insurance consultant
d. Insurance broker - .....ANSWER ...✔✔ d. Insurance
Broker
Which of the following is NOT true of an employment
contract between a company and a producer?
Select one:
a. The employment contract must be in writing.
b. The employment contract must include all license
authorities of the parties.
c. An employer must notify the Department.
d. The employer must examine the credentials of the
employee. - .....ANSWER ...✔✔ b. The employment
contract must include all license authorities of the parties.
Inducing a policyholder to switch insurance companies
without regard to bad consequences is:
Select one:
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a. Boycott
b. Churning
c. Twisting
d. Defamation - .....ANSWER ...✔✔ c. Twisting
If the Department determines that an applicant is
unqualified, the Department must transmit it for a
hearing to the:
Select one:
a. Office of the Attorney General
b. Office of Administrative Law
c. State Insurance Committee of the legislature
d. Licensing Review Board - .....ANSWER ...✔✔ b.
Office of Administrative Law
If the Commissioner determines that someone has
engaged in an unfair method of competition, he will
issue:
Select one:
a. A cease and desist order
b. A contempt of court order
c. A revocation of license decree
