Nj producer final exam - Study guides, Class notes & Summaries

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...

Final Exam Questions Property and Casualty - NJ STATE EXAM WITH STUDY GUIDE EXAMFX $16,000. - ANS-Insured had HO4 with $30,000 limit for personal property. While traveling a fire destroys clothing luggage and jewelry with total replacement cost of $20,000. At 20% depreciation how much is paid? ON State exam!! Replacement cost-depreciation value $20,000-20% (20) 20%=0.2 = 20/100 $20,000-4,000= $16,000 $5,000.00. - ANS-Maximum penalty for the 1st violation of insurance law. Page 105 ON S...

NJ Title Producer Title Final Exam with Written Questions and Verified Answers "A" and "B" bought a house as tenants in common. If "A" dies which of the following statements about ownership of the house is correct? ANSWER B) It is divided, with B retaining their original interest and the balance going to A's estate. An insurance 1>producer who is committed of a felon~· must report the conviction to the Commissioner of Insurance, within how many days after the conviction? A) 5 day...

"A" and "B" bought a house as tenants in common. If "A" dies which of the following statements about ownership of the house is correct? A) It automatically becomes tenancy in severalty. B) It is divided, with B retaining their original interest and the balance going to A's estate. C) B holds fee simple ownership to A's share of the property D) B holds a life estate ownership to A's share of the property - ACCURATE ANSWERS B) It is divided, with B retaining their original interest an...

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...

NJ Title Insurance Producer Final Exam Set with Q&A "A" and "B" bought a house as tenants in common. If "A" dies which of the following statements about ownership of the house is correct? A) It automatically becomes tenancy in severalty. B) It is divided, with B retaining their original interest and the balance going to A's estate. C) B holds fee simple ownership to A's share of the property D) B holds a life estate ownership to A's share of the property - CORRECT ANSWER-B) ...

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...

NJ Title Producer Title Final QUESTIONS AND CORRECT VERIFIED ANSWERS REAL EXAM LATEST UPDATE

NEW JERSEY TITLE PRODUCER 2024 Final Exam Q & A ALTA 1 - CORRECT ANSWER-Street Assessments ALTA 2 - CORRECT ANSWER-Truth in lending owners policy - CORRECT ANSWER-insures estates of ownership, remains constant over the life of the property. Covers property line disputes. A type of title insurance issued in the name of the property owner. Coverage runs from the time of purchase for as long as the policyholder owns the property. mortgage lender policy (loan policy) - CORRECT ANSWER-lende...