NJ Health Insurance Exam Practice Questions with Correct Answers 100% Verified by Experts|
2025/2026 Latest Update
Agent licensed producer who has a written contract to represent an insurer
Replacing insurer requirement accept all individuals eligible under the previous plan
Example of rebating A producer who shares commissions with a client
Producer's license application period 12 months after passing the state exam
Consultants charging a fee must be licensed as a Producer
Time to contest health insurance claim 2 years
Role of the Banking and Insurance Commissioner establish continuing education
requirements
Regulation of insurance advertisements Department of Banking and Insurance
Replacement regulation purpose to protect the interests of policyowners
Health insurance premium remittance period 7 business days
Insurance companies represented by the producer is available to the public
Producer license denials appeal Office of Administrative Law
, Maternity care duration after cesarean section 36 hours
Defamation by producers making a false statement that is intended to malign another
insurance company
Regulation of Medicare Supplements to prevent Replacement of any existing coverage
Purpose of New Jersey Temporary Disability Benefits law provide non occupational Disability
benefits
Notice to extend coverage under Continuance of Benefits Law required within 30 days of a
qualifying event
Free-look period of a Medicare Supplement policy 30 days
Medicare supplement policy during open enrollment the policy must be issued regardless of
health status
Open enrollment period for Medicare supplements begins 3 months before your 65th
birthday
Circumstances requiring a licensed producer Discussing premiums with a potential insured
Medicare Part B also known as Medical insurance
Commissioner of Insurance actions for unfair trade practice Order the producer to pay a
penalty of up to $25,000
2025/2026 Latest Update
Agent licensed producer who has a written contract to represent an insurer
Replacing insurer requirement accept all individuals eligible under the previous plan
Example of rebating A producer who shares commissions with a client
Producer's license application period 12 months after passing the state exam
Consultants charging a fee must be licensed as a Producer
Time to contest health insurance claim 2 years
Role of the Banking and Insurance Commissioner establish continuing education
requirements
Regulation of insurance advertisements Department of Banking and Insurance
Replacement regulation purpose to protect the interests of policyowners
Health insurance premium remittance period 7 business days
Insurance companies represented by the producer is available to the public
Producer license denials appeal Office of Administrative Law
, Maternity care duration after cesarean section 36 hours
Defamation by producers making a false statement that is intended to malign another
insurance company
Regulation of Medicare Supplements to prevent Replacement of any existing coverage
Purpose of New Jersey Temporary Disability Benefits law provide non occupational Disability
benefits
Notice to extend coverage under Continuance of Benefits Law required within 30 days of a
qualifying event
Free-look period of a Medicare Supplement policy 30 days
Medicare supplement policy during open enrollment the policy must be issued regardless of
health status
Open enrollment period for Medicare supplements begins 3 months before your 65th
birthday
Circumstances requiring a licensed producer Discussing premiums with a potential insured
Medicare Part B also known as Medical insurance
Commissioner of Insurance actions for unfair trade practice Order the producer to pay a
penalty of up to $25,000
