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NJ PSI ADVANCED EXAM QUESTIONS WITH CORRECT ANSWER
- Exam (elaborations) • 13 pages • 2024
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NJ PSI ADVANCED EXAM QUESTIONS WITH CORRECT ANSWER 
all of the following are ownership rights EXCEPT: 
A: changing the beneficiary of the policy 
B: borrowing funds against cash value 
C: switching the policy from on insured to another 
D: assigning all of the rights of the policy to another person - CORRECT ANSWER -C: switching the policy from on insured to another 
 
which of the following is characteristic of a non qualified plan: 
A: defined vesting schedule 
B: plan established by...
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NJ PSI ADVANCED EXAM QUESTIONS WITH CORRECT ANSWER
- Exam (elaborations) • 13 pages • 2024
-
- $12.49
- + learn more
NJ PSI ADVANCED EXAM QUESTIONS WITH CORRECT ANSWER 
all of the following are ownership rights EXCEPT: 
A: changing the beneficiary of the policy 
B: borrowing funds against cash value 
C: switching the policy from on insured to another 
D: assigning all of the rights of the policy to another person - CORRECT ANSWER -C: switching the policy from on insured to another 
 
which of the following is characteristic of a non qualified plan: 
A: defined vesting schedule 
B: plan established by...
-
NJ PSI ADVANCED EXAM QUESTIONS WITH CORRECT ANSWER
- Exam (elaborations) • 13 pages • 2024
-
- $12.49
- + learn more
NJ PSI ADVANCED EXAM QUESTIONS WITH CORRECT ANSWER 
all of the following are ownership rights EXCEPT: 
A: changing the beneficiary of the policy 
B: borrowing funds against cash value 
C: switching the policy from on insured to another 
D: assigning all of the rights of the policy to another person - CORRECT ANSWER -C: switching the policy from on insured to another 
 
which of the following is characteristic of a non qualified plan: 
A: defined vesting schedule 
B: plan established by...
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NJ PROPERTY/ CASUALTY INSURANCE EXAM SET
- Exam (elaborations) • 56 pages • 2024
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NJ PROPERTY/ CASUALTY INSURANCE EXAM SET 
Why was the commercial Insurance Deregulation Act Created? - CORRECT ANSWER -To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices 
 
Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - CORRECT ANSWER -Commercial policies 
 
When must rate amendments & policy forms be filed with the commissioner? - CORRECT ANSWER -30 days before 
 
W...
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NJ PROPERTY/ CASUALTY INSURANCE EXAM SET
- Exam (elaborations) • 56 pages • 2024
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- $10.49
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NJ PROPERTY/ CASUALTY INSURANCE EXAM SET 
Why was the commercial Insurance Deregulation Act Created? - CORRECT ANSWER -To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices 
 
Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - CORRECT ANSWER -Commercial policies 
 
When must rate amendments & policy forms be filed with the commissioner? - CORRECT ANSWER -30 days before 
 
W...
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NJ PROPERTY/ CASUALTY INSURANCE EXAM SET
- Exam (elaborations) • 56 pages • 2024
-
- $10.49
- + learn more
NJ PROPERTY/ CASUALTY INSURANCE EXAM SET 
Why was the commercial Insurance Deregulation Act Created? - CORRECT ANSWER -To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices 
 
Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - CORRECT ANSWER -Commercial policies 
 
When must rate amendments & policy forms be filed with the commissioner? - CORRECT ANSWER -30 days before 
 
W...
-
NJ PROPERTY/ CASUALTY INSURANCE EXAM SET
- Exam (elaborations) • 56 pages • 2024
-
- $10.49
- + learn more
NJ PROPERTY/ CASUALTY INSURANCE EXAM SET 
Why was the commercial Insurance Deregulation Act Created? - CORRECT ANSWER -To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices 
 
Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - CORRECT ANSWER -Commercial policies 
 
When must rate amendments & policy forms be filed with the commissioner? - CORRECT ANSWER -30 days before 
 
W...
-
NJ PROPERTY/ CASUALTY INSURANCE EXAM SET
- Exam (elaborations) • 56 pages • 2024
-
- $11.49
- + learn more
NJ PROPERTY/ CASUALTY INSURANCE EXAM SET 
Why was the commercial Insurance Deregulation Act Created? - CORRECT ANSWER -To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices 
 
Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - CORRECT ANSWER -Commercial policies 
 
When must rate amendments & policy forms be filed with the commissioner? - CORRECT ANSWER -30 days before 
 
W...
-
NJ PROPERTY/ CASUALTY INSURANCE EXAM SET
- Exam (elaborations) • 56 pages • 2024
-
- $10.49
- + learn more
NJ PROPERTY/ CASUALTY INSURANCE EXAM SET 
Why was the commercial Insurance Deregulation Act Created? - CORRECT ANSWER -To protect the public from the adverse effects of excessive, inadequate, & unfair discriminatory rates & marketing practices 
 
Which policies issued must follow the provisions of the Commercial Insurance Deregulation Act? - CORRECT ANSWER -Commercial policies 
 
When must rate amendments & policy forms be filed with the commissioner? - CORRECT ANSWER -30 days before 
 
W...
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NJ Property, Casualty, And Auto Licensing Exam Question & Correct Answer
- Exam (elaborations) • 18 pages • 2024
- Available in package deal
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NJ Property, Casualty, And Auto Licensing 
Exam Question & Correct Answer 
Insuring Agreement - CORRECT ANSWER-company's obligation to pay, includes the perils and coverage 
for specific or named peril policies 
Exclusions - CORRECT ANSWER-what the policy will not pay for 
Definitions - CORRECT ANSWER-names of the persons insured in addition to the named insured are 
listed here, along with any other (blank) of terms in the polic
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