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