Online Access Free NJ-Life-Producer Exam Questions

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

• A.Notice that the owner can return the policy within 90 days for a full refund.
• B.Notification of what constitutes a replacement.
• 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.

Insurance advertising in local newspapers is regulated by the

• A.New Jersey Department of Banking and Insurance.
• B.Marketing department of the insurance company.
• C.Attorney general.
• D.Federal Communications Commission.

A producer assists an insured in converting a life policy to reduced paid-up insurance in order for the insured to buy a new policy. This action is best known as

• A.Solicitation.
• B.Twisting.
• C.Rebating.
• D.Replacement.

What must a company do prior to conducting an HIV-related test?

• A.Provide notification to the beneficiary.
• B.Obtain a written authorization from the proposed insured.
• C.Notify the applicant's designated doctor.
• D.Notify the Department of Health.

Insurance purchased on the life of a borrower to provide indemnity for a loan balance if the borrower dies is referred to as

• A.Bank insurance.
• B.Ticket life insurance.
• C.Credit life insurance.
• D.Liability indemnity insurance.