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Chapter 8 New Jersey Laws Exam Questions and Complete Solutions Graded A+ $14.49   Add to cart

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Chapter 8 New Jersey Laws Exam Questions and Complete Solutions Graded A+

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  • Course
  • NJ Real Estate
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  • NJ Real Estate

Chapter 8 New Jersey Laws Exam Questions and Complete Solutions Graded A+

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  • August 23, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • NJ Real Estate
  • NJ Real Estate
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Chapter 8 New
Jersey Laws Exam
Questions and
Complete Solutions
Graded A+
Denning [Date] [Course title]

, State insurance laws are passed by which of the following?



A) Majority vote of NAIC

B) Commissioner of Insurance

C) State legislature

D) Insurance companies - Answer: C) State legislature



The state legislature debates and passes state laws.



A hearing will be held within ______ days after the date the notice of hearing is served.



A) 10

B) 15

C) 30

D) 45 - Answer: A) 10



If the Commissioner believes a person has violated an unfair method of competition or any unfair or
deceptive act, a notice will be served upon the person with a statement of charges, and the hearing
must be held within 10 days of the serving of the notice.



Which of the following is not considered insurance-related conduct?



A) Collecting premiums

B) Underwriting an insurance application

C) Binding a policy

D) Processing claims - Answer: B) Underwriting an insurance application



Selling, soliciting, and negotiating insurance policies, communicating with insureds regarding policy
terms and conditions, and office management affecting insureds are other examples of insurance-
related conduct.

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