1|Page
NEW JERSEY LIFE PRODUCER EXAM LATEST 2025/2026 ACTUAL
EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (100% VERIFIED ANSWERS) |ALREADY GRADED A+|
||PROFESSOR VERIFIED|| ||BRANDNEW!!!||
The principle that insurance is not a transaction of commerce and
so should bed regulated by state was established in: - ANSWER-
Paul vs. Virginia
In New jersey, a producer who violates a New Jersey insurance
law for the first time may be fined up to - ANSWER-$5,000
The New Jersey banking and insurance Commissioner has the
authority to do all of the following actions EXCEPT: - ANSWER-
Establish insurance rates and schedules
Which of the following statements is correct about an employment
agreement between two producers? - ANSWER-it must be in
writing
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The New jersey banking and Insurance Commissioner may issue
which of the following documents to an insurance producer as
evidence of authority? - ANSWER-a license
A producer who employs another producer must take which of the
following actions? - ANSWER-enter into a written employment
agreement with the employee producer
For a New Jersey insurance producer to charge a prospective
insured for analyzing coverages, there must be a reasonable
relationship between the fee and.. - ANSWER-the nature of the
services performed
A person failing to comply with a subpoena from the
Commissioner, may be charged with.. - ANSWER-contempt
To be eligible for a resident producers license an individual must
meet which of the following requirements? - ANSWER-complete a
course of education approved by the Banking and Insurance
Commissioner unless a waiver is obtained from the department
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What is issued to an insurer, by the Commissioner, demonstrating
it's authority to transact insurance business in the state? -
ANSWER-certificate of authority
When an insurer procures insurance for itself from another insurer
it is called.. - ANSWER-reinsurance
In order to receive fees other than commissions, a life insurance
producer acting as a consultant must first - ANSWER-obtain a
written memorandum from the prospect stating the amount of
compensation
A producer acting as an agent may take all the following actions
EXCEPT: - ANSWER-Place insurance with a company the
producer does not represent
A producer wishing to appeal the final order of the Commissioner
would appeal to.. - ANSWER-The superior court
NEW JERSEY LIFE PRODUCER EXAM LATEST 2025/2026 ACTUAL
EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (100% VERIFIED ANSWERS) |ALREADY GRADED A+|
||PROFESSOR VERIFIED|| ||BRANDNEW!!!||
The principle that insurance is not a transaction of commerce and
so should bed regulated by state was established in: - ANSWER-
Paul vs. Virginia
In New jersey, a producer who violates a New Jersey insurance
law for the first time may be fined up to - ANSWER-$5,000
The New Jersey banking and insurance Commissioner has the
authority to do all of the following actions EXCEPT: - ANSWER-
Establish insurance rates and schedules
Which of the following statements is correct about an employment
agreement between two producers? - ANSWER-it must be in
writing
,2|Page
The New jersey banking and Insurance Commissioner may issue
which of the following documents to an insurance producer as
evidence of authority? - ANSWER-a license
A producer who employs another producer must take which of the
following actions? - ANSWER-enter into a written employment
agreement with the employee producer
For a New Jersey insurance producer to charge a prospective
insured for analyzing coverages, there must be a reasonable
relationship between the fee and.. - ANSWER-the nature of the
services performed
A person failing to comply with a subpoena from the
Commissioner, may be charged with.. - ANSWER-contempt
To be eligible for a resident producers license an individual must
meet which of the following requirements? - ANSWER-complete a
course of education approved by the Banking and Insurance
Commissioner unless a waiver is obtained from the department
, 3|Page
What is issued to an insurer, by the Commissioner, demonstrating
it's authority to transact insurance business in the state? -
ANSWER-certificate of authority
When an insurer procures insurance for itself from another insurer
it is called.. - ANSWER-reinsurance
In order to receive fees other than commissions, a life insurance
producer acting as a consultant must first - ANSWER-obtain a
written memorandum from the prospect stating the amount of
compensation
A producer acting as an agent may take all the following actions
EXCEPT: - ANSWER-Place insurance with a company the
producer does not represent
A producer wishing to appeal the final order of the Commissioner
would appeal to.. - ANSWER-The superior court
