High Quality Of New Jersey Life Producer Exam Exam
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Insurance Licensing NJ-Life-Producer Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Policy Riders, Provisions, Options, and Exclusions | - Policy Exclusions - Policy Riders - Policy Provisions and Options |
| Topic 2: Completing the Application, Underwriting, and Delivering the Policy | - Underwriting - Application Process - Policy Delivery |
| Topic 3: State Laws, Rules, and Regulations | - Producer Licensing Requirements - Ethics and Consumer Protection - New Jersey Insurance Regulations - Marketing Practices |
| Topic 4: Retirement and Other Insurance Concepts | - Retirement Plans - Life Insurance Needs Analysis - Qualified Plans |
| Topic 5: Types of Policies | - Traditional Whole Life Products - Term Life Insurance - Combination Plans and Variations - Annuities - Interest-Sensitive Life Products |
Insurance Licensing New Jersey Life Producer Sample Questions:
Question 1
The proposed insured's statements on a life insurance application are considered to be
A. Misrepresentations.
B. Warranties.
C. Absolute statements.
D. Representations.
Question 2
Under a multiple protection policy, the policy that pays on the death of the last person is called
A. An annuity life policy.
B. A survivorship life policy.
C. A universal life policy.
D. A joint life policy.
Question 3
What does the Fair Credit Reporting Act give the consumer the right to do?
A. Question the validity and source of any credit information collected and retained by the insurer.
B. Deny the insurer access to their credit report.
C. Request a copy of their credit report and an explanation of it from their agent.
D. Decide which credit agency the insurer can pull their information from.
Question 4
A contract between two insurance companies that allows one company to transfer risk to a second company is known as
A. Surplus lines insurance.
B. Excess insurance.
C. Coinsurance.
D. Reinsurance.
Question 5
Generally, if an application is not prepaid, the effective date of coverage begins on the date the
A. Company underwriter approves the risk.
B. Producer delivers the policy and collects a premium.
C. Application is postmarked and mailed to the insurer.
D. Application is signed.
Solutions:
| Question 1 Answer: D | Question 2 Answer: B | Question 3 Answer: A | Question 4 Answer: D | Question 5 Answer: B |




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