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NJ TITLE LATEST EXAM 2025/2026 WITH
REAL QUESTIONS AND CORRECT
ANSWERS | ALREADY GRADED A+
An insurance company chartered and domiciled in NJ - ANSWER ✔✔- is
domestic, admitted, and authorized.
Another name for the McCarren-Ferguson Act is - ANSWER ✔✔- Public Law 15
Reinsurance - ANSWER ✔✔- A contract where one insurer transfers all or part of
a risk to another
Number of days an insurance company has to file with the Dept. a notice of
appointment - ANSWER ✔✔- 15 days
Licenses must submit renewal applications to the dept. in ____ days before license
expires - ANSWER ✔✔- 10
If someone's license expires, they can - ANSWER ✔✔- No longer work, no longer
accept commission, but can be paid commissions for work done while license was
in affect.
Temporary work authority - ANSWER ✔✔- is effective the date a producer's
license is dated
Business names can be fictitious as long as - ANSWER ✔✔- agency or brokerage
is added
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An applicant for an insurance producer's license must make application for a
license within ________ after passing the state exam - ANSWER ✔✔- one year
licenses are property of - ANSWER ✔✔- NJ
Commissioner is appointed by - ANSWER ✔✔- Governor
In an insurance contract, the insured is represented by - ANSWER ✔✔- broker
number of days a person suspected of violation is given prior to a hearing -
ANSWER ✔✔- 10 days
Fine for unwittingly committing an unfair trade practice - ANSWER ✔✔- $1000
Maximum fine for committing an unfair trade practice - ANSWER ✔✔- $5000
inducement - ANSWER ✔✔- a thing that persuades or influences someone to do
something - In NJ - Maximum $25
# of days required to let Dept. know of office relocation - ANSWER ✔✔- 30 days
_________ can impose criminal penalties against violators - ANSWER ✔✔- Court
SEUA - ANSWER ✔✔- Interstate Commerce
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rebate - ANSWER ✔✔- a cash refund given to someone in order to obtain business
- all or part of a policy
Represents the Insurer in an insurer transaction - ANSWER ✔✔- agent
A producer's license may be revoked if the commissioner finds that commission
earned on "controlled business" exceeds what percentage of total commissions -
ANSWER ✔✔- 50%
Agency Agreement - ANSWER ✔✔- defines authority of an insurance producer
Insurance Producer - ANSWER ✔✔- Any of several kinds of insurance personnel
who place insurance business with insurers and who represent either insurers or
insureds, or both.
Regarding title insurance, when a producer receives a policy for delivery to an
insured, the policy must be mailed or delivered within - ANSWER ✔✔- 30 days
School certificate is valid for - ANSWER ✔✔- 2 years after successful completion
of course
Title Insurance authority includes all policies of insurance _____ or __________
owners of real property - ANSWER ✔✔- guaranteeing or indemnifying
A producer taking over a business with a deceased person has ____ days without
requiring examine. (temp. license) - ANSWER ✔✔- 180 days
NJ TITLE LATEST EXAM 2025/2026 WITH
REAL QUESTIONS AND CORRECT
ANSWERS | ALREADY GRADED A+
An insurance company chartered and domiciled in NJ - ANSWER ✔✔- is
domestic, admitted, and authorized.
Another name for the McCarren-Ferguson Act is - ANSWER ✔✔- Public Law 15
Reinsurance - ANSWER ✔✔- A contract where one insurer transfers all or part of
a risk to another
Number of days an insurance company has to file with the Dept. a notice of
appointment - ANSWER ✔✔- 15 days
Licenses must submit renewal applications to the dept. in ____ days before license
expires - ANSWER ✔✔- 10
If someone's license expires, they can - ANSWER ✔✔- No longer work, no longer
accept commission, but can be paid commissions for work done while license was
in affect.
Temporary work authority - ANSWER ✔✔- is effective the date a producer's
license is dated
Business names can be fictitious as long as - ANSWER ✔✔- agency or brokerage
is added
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An applicant for an insurance producer's license must make application for a
license within ________ after passing the state exam - ANSWER ✔✔- one year
licenses are property of - ANSWER ✔✔- NJ
Commissioner is appointed by - ANSWER ✔✔- Governor
In an insurance contract, the insured is represented by - ANSWER ✔✔- broker
number of days a person suspected of violation is given prior to a hearing -
ANSWER ✔✔- 10 days
Fine for unwittingly committing an unfair trade practice - ANSWER ✔✔- $1000
Maximum fine for committing an unfair trade practice - ANSWER ✔✔- $5000
inducement - ANSWER ✔✔- a thing that persuades or influences someone to do
something - In NJ - Maximum $25
# of days required to let Dept. know of office relocation - ANSWER ✔✔- 30 days
_________ can impose criminal penalties against violators - ANSWER ✔✔- Court
SEUA - ANSWER ✔✔- Interstate Commerce
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rebate - ANSWER ✔✔- a cash refund given to someone in order to obtain business
- all or part of a policy
Represents the Insurer in an insurer transaction - ANSWER ✔✔- agent
A producer's license may be revoked if the commissioner finds that commission
earned on "controlled business" exceeds what percentage of total commissions -
ANSWER ✔✔- 50%
Agency Agreement - ANSWER ✔✔- defines authority of an insurance producer
Insurance Producer - ANSWER ✔✔- Any of several kinds of insurance personnel
who place insurance business with insurers and who represent either insurers or
insureds, or both.
Regarding title insurance, when a producer receives a policy for delivery to an
insured, the policy must be mailed or delivered within - ANSWER ✔✔- 30 days
School certificate is valid for - ANSWER ✔✔- 2 years after successful completion
of course
Title Insurance authority includes all policies of insurance _____ or __________
owners of real property - ANSWER ✔✔- guaranteeing or indemnifying
A producer taking over a business with a deceased person has ____ days without
requiring examine. (temp. license) - ANSWER ✔✔- 180 days
