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NJ Property & Casualty Rules-Regulations Questions and Answers Fully Solved
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NJ Property & Casualty Rules-Regulations
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NJ Property & Casualty Rules-Regulations
Commissioner must give at least ____ days before a hearing for unfair trade practices -
answer10 Days
Max fine for each violation committed unknowingly - answer$1,000
Max fine for each violation committed knowingly - answer$5,000
Max fine for violating a cease and desist order - answer$5,000
Minimum age to obtain producer's license - answer18
Time frame for a nonresident insurance producer to file a change of address - answer30
days
Prelicensing hours required for life, accident, and health license - answer20 hours
Prelicensing hours for P&C - answer40 hours
Temporary work authority for resident producer applicants is valid for ____ days -
answer60 days
If producer dies, becomes disabled, or is called to active military service, Commissioner
may issue a: - answerTemporary Producer License
Temporary Producer License may be issued for a max of ____ days - answer180 days
Commissioner must be notified of cancellation within ____ days, including reason for
cancellation - answer15 days1
Expiration date of license is every ____ years on the last day of the birth month -
answer2 years
A producer who allows his license to expire may reinstate the license within ____ of
expiration - answer1 year
Total CE hours required for every two years - answer24 hours
CE includes ____ hours of ethics CE - answer3 hours
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