NJ LIFE PRODUCER LIFE INSURANCE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
1 view 0 purchase
Course
NJ LIFE PRODUCER LIFE INSURANCE
Institution
NJ LIFE PRODUCER LIFE INSURANCE
NJ LIFE PRODUCER LIFE INSURANCE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS
An insurer must renew a renewable term policy at the policyowner's request regardless of the insurability status of the insured. - Precise Answer Renewable Term Life Insurance
The settlement option that provides for...
NJ LIFE PRODUCER LIFE INSURANCE
EXAM 2024/2025 WITH 100% ACCURATE
SOLUTIONS
An insurer must renew a renewable term policy at the policyowner's
request regardless of the insurability status of the insured. - Precise
Answer ✔✔Renewable Term Life Insurance
The settlement option that provides for payments to be made in regular
installments to a beneficiary until the principal and interest are
exhausted best describes: - Precise Answer ✔✔Fixed-amount
What hours of operation is a branch office required to have? - Precise
Answer ✔✔Must give public reasonable access.
Under a Credit Life Policy, the amount of coverage shall not exceed the:
- Precise Answer ✔✔Amount of indeptness
In most circumstances, a temporary license in New Jersey shall not be
valid for a period longer than: - Precise Answer ✔✔180 Days
Telemarketers must update their solicitation lists with the National Do
Not Call Registry every... - Precise Answer ✔✔31 Days
, When replacing existing life insurance, an agent MUST... - Precise
Answer ✔✔Notify the Producer whose policy is being replaced
A producer who wishes to hold a Resident NJ Life Producer license,
who lives in another state, must... - Precise Answer ✔✔have their
principle office in New Jersey
A insurer procuring insurance for itself from another insurer is called... -
Precise Answer ✔✔The ceding insurer
A business name authorization expires in - Precise Answer ✔✔90 days
A first time applicant is someone who has not been licensed as a
producer for the previous... - Precise Answer ✔✔12 months
When applying for a producer's license, an applicant must have passed
the State Licensing Exam within how long from the date of their
application for license? - Precise Answer ✔✔12 months
In which of the following are proceeds left with the insurer and earnings
sent to the beneficiary? - Precise Answer ✔✔Interest-only
Under what type of life insurance policy will the death benefit vary,
based on the performance of an underlying portfolio of securities? -
Precise Answer ✔✔Variable Life
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller YANCHY. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
