Nj property insurance law Study guides, Class notes & Summaries
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NJ Real Estate Exam 2023 (Questions and answers, 100% verified)
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NJ Real Estate Exam 2023 (Questions and answers, 100% verified) 
Broker 
One who buys and sells for another for a fee. 
Broker-Salesperson 
A qualified broker who practices real estate in the position of salesperson in 
another broker's office 
bureau of subsidized land sales control 
regulations covering out of state properties sold in NJ 
continuing education 
12 hours required every two years, two of which must be on ethics 
NJ Real Estate Commission 
Department of Banking and Insurance. 8 ...
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NJ Title Insurance Reloaded Final Actual Exam
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NJ Title Insurance Reloaded Final Actual 
Exam 
In 1869 in Paul vs Virginia case the the US Supreme Court ruled that insurance? - 
CORRECT ANSWER-Was not interstate Commerce. 
In 1944, in the South-Eastern Underwritters Association (SEUA) case, the U.S. 
Supreme Court ruled that insurance? - CORRECT ANSWER-Was interstate commerce 
and was subject to Federal regulation. 
The McCarran-Ferguson Act of 1945 states that individual states are subject to the 
authority of the? - CORRECT ANSWER-Feder...
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NJ Property & Casualty Insurance Exam Bundle with Complete Solutions (Graded A)
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NJ Property & Casualty Insurance Exam Bundle with Complete Solutions (Graded A)
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(2023/2024) State Farm Casualty Exam Questions with Correct Answers
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To be issued a business entity producer license by the commissioner the business entity must have how many partners or officers licensed as producers 
atleast 1 
The occurence form trigger is based on which of the following? 
the date where injury and damage occur 
How are surety bonds different from insurance? 
Surety bonds guarantee specific duties or obligations will be fulfilled and insurance pays for losses 
What is the deductible of a personal liability umbrella policy called? 
The SIR - s...
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NJ property insurance law Exam with complete solutions
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n New Jersey, and insurer must provide at least______ advance notice for cancellation 
of property coverages for nonpayment of premium - ANSWER-10 days 
The employment of another producer by a producer is subject to all of the following 
requirements, except 
a. the employer shall examine the credentials of the kinds of business described in the 
contract. 
b. the employer shall be responsible for the insurance related conduct of the employee 
c. the employee producer will conduct business under...
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NJ SALESPERSON PRACTICE EXAM verified solutions 2023/2024
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NJ SALESPERSON PRACTICE EXAM1. The law which requires that transfers of real property ownership be in writing is known as the: (A) law of evidence. (B) statute of liberties (C) statute of frauds (D) statute of limitations - correct answer C 
 
2. In a VA loan: (A) a down payment is required (B) there must be an approved appraisal. C) one must be a veteran to assume the loan. (D) the maximum term is 25 years. - correct answer B 
 
3. When a land contract is entered into: (A) legal title passes to...
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Nj State Exam With Study Guide Final Exam Questions And Answers Property And Casualty 2024/Final Exam Questions Property and Casualty - NJ STATE EXAM WITH STUDY GUIDE EXAMFX (IMAGES).
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Nj State Exam With Study Guide Final Exam Questions And Answers Property And Casualty 2024/Final Exam Questions Property and Casualty - NJ STATE EXAM WITH STUDY GUIDE EXAMFX (IMAGES). 
 
 
Professional liability policies protect against liability resulting from 
A. Errors and Omissions 
Page 46 
Mini-Tail or Extended. Page 60 
B. 60 Days after expiration date 
Not an exclusion under auto physical damage selection. Page 28 
C. Carpools 
Not a covered territory in the personal auto policy. Page 25...
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Nj State Exam With Study Guide Final Exam Questions And Answers Property And Casualty 2024/Final Exam Questions Property and Casualty - NJ STATE EXAM WITH STUDY GUIDE EXAMFX (IMAGES).
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Nj State Exam With Study Guide Final Exam Questions And Answers Property And Casualty 2024/Final Exam Questions Property and Casualty - NJ STATE EXAM WITH STUDY GUIDE EXAMFX (IMAGES). 
 
 
 
Professional liability policies protect against liability resulting from 
A. Errors and Omissions 
Page 46 
Mini-Tail or Extended. Page 60 
B. 60 Days after expiration date 
Not an exclusion under auto physical damage selection. Page 28 
C. Carpools 
Not a covered territory in the personal auto policy. Page ...
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NJ PSI Property and Casualty Exam Package Deal.
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PSI Exam Questions and Answers.,NJ Life Producer Exam Questions and Answers.,Missed PSI Exam Questions and Answers - Property & Casualty.,PSI Property and Casualty Exam Questions and Answers.,NJ property Insurance Law Exam Questions and Answers.,NJ Property License 1 Exam Questions and Answers.,Final Exam Questions Property and Casualty - NJ STATE
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NJ Life Insurance Test Correct answers latest update
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NJ Life Insurance Test Correct answers latest update 
The McCarran-Ferguson Act was passed by Congress to 
Redefine the authority of the state and federal government to regulate the 
insurance industry 
 
 
The principle that insurance is not a transaction of commerce and so should be 
regulated by the state was established in: 
Paul v. Virginia 
 
 
In New Jersey, a producer who violates a New Jersey insurance law for the first time 
may be fined up to 
$5,000 
 
 
The New Jersey Banking and In...
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