Nj law Study guides, Class notes & Summaries

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NJ Life Producer Exam(Insurance and Laws) NEWEST VERSION COMPLETE 110 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+.

NJ Laws, Rules, and Regulations Common to Life, Accident, and Health Property and Casualty 100% Pass An insurer cancelled a contract with a producer on April 1st. By what date must the insurer notify the Commissioner of this action? A. April 30th B. April 5th C. April 11th D. April 15th D. April 15th An insurer goes bankrupt and is unable to pay on any of its insureds' claims. Which of the following will happen? A. The insureds will not be paid. B. The claims will be paid by a n...

Which of the following amounts must decrease in a decreasing term? - Death benefit In life insurance, insurable interest must exist at the time the.. - Producer writes an on a proposed insured An applicant makes an offer to the insurer when they - pay an initial premium with the application Which of the following makes Universal Life insurance different from other forms of permanent insurance? - Premium Schedule An insurer that shares its profits with its' policyowners is known as.. - A m...

NJ Life Producer Exam - Insurance and Laws | 2024 Questions & Answers | 100% Correct | Verified

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HEALTH CHAPTER 10 EXAM - NJ LAWS AND RULES An agent is required to keep replacement forms on file for at LEAST ____ years - Answer- 5 The New Jersey Life and Health Insurance Guaranty Association is - Answer- Funded by assessments on member companies Continuing Education credits may be approved for which of the following? - Answer- Ethics The New Jersey Temporary Disability Benefits law - Answer- Provides non-occupational disability benefits The law that established insurance transa...

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An insurer cancelled a contract with a producer on April 1st. By what date must the insurer notify the Commissioner of this action? A. April 30th B. April 5th C. April 11th D. April 15th - Answer D. April 15th An insurer goes bankrupt and is unable to pay on any of its insureds' claims. Which of the following will happen? A. The insureds will not be paid. B. The claims will be paid by a nationally-based program. C. The claims will be paid by the state Life and Health Guaranty Associ...