Insurance Licensing New Jersey Life Producer : NJ-Life-Producer

NJ-Life-Producer real exams

Exam Code: NJ-Life-Producer

Exam Name: New Jersey Life Producer Exam

Updated: Aug 08, 2026

Q & A: 95 Questions and Answers

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About Insurance Licensing NJ-Life-Producer Exam

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Insurance Licensing NJ-Life-Producer Exam Syllabus Topics:

SectionObjectives
Life Insurance and Annuities- Annuity basics
  • 1. Fixed annuities
    • 2. Variable annuities
      Life Insurance Fundamentals- Policy provisions and clauses
      • 1. Grace period
        • 2. Incontestability clause
          - Types of life insurance policies
          • 1. Whole life insurance
            • 2. Universal life insurance
              • 3. Term life insurance
                State Regulations (New Jersey)- Insurance laws and ethics
                • 1. Unfair trade practices
                  • 2. Producer licensing requirements
                    Underwriting and Policy Issuance- Risk classification
                    • 1. Moral hazard and adverse selection
                      • 2. Medical underwriting factors

                        Insurance Licensing New Jersey Life Producer Sample Questions:

                        1. An individual must be a licensed producer in order to take which of the following actions?

                        A) Accept premiums from insureds at a recorded place of business.
                        B) Compile the names and addresses of prospective insureds for marketing purposes.
                        C) Discuss the effects of age or health on premiums with a prospective insured.
                        D) Type binders or certificates.


                        2. Which of the following statements is correct about penalties imposed by the New Jersey Banking and Insurance Commissioner for violations of insurance regulations?

                        A) The Commissioner may impose penalties on producers but not on insurance companies.
                        B) The Commissioner may not impose further penalties on a producer who already has been penalized by a criminal court.
                        C) The Commissioner must provide written notice and an opportunity for a hearing before imposing a penalty.
                        D) Only a court of law can impose penalties.


                        3. An insured has a $100,000 policy with an accidental death benefit rider. If he dies on his way to work due to a heart attack, what will the insurer pay?

                        A) $150,000.
                        B) $250,000.
                        C) $200,000.
                        D) $100,000.


                        4. Under New Jersey replacement regulations, it is the duty of the replacing insurance company to take all of the following actions EXCEPT

                        A) Require its producers to comply with the regulations.
                        B) Postpone underwriting until the existing insurer is notified.
                        C) Require a list of all policies that will be replaced.
                        D) Retain a copy of the completed replacement Disclosure Statement.


                        5. The replacement of an existing policy requires all of the following EXCEPT

                        A) Notification of what constitutes a replacement.
                        B) Notice that the owner can return the policy within 90 days for a full refund.
                        C) A complete comparison of the existing policy to the new policy.
                        D) Notification of the proposed replacement to the insurer whose policies are intended to be replaced.


                        Solutions:

                        Question # 1
                        Answer: C
                        Question # 2
                        Answer: C
                        Question # 3
                        Answer: D
                        Question # 4
                        Answer: B
                        Question # 5
                        Answer: B

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