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

NJ-Life-Producer real exams

Exam Code: NJ-Life-Producer

Exam Name: New Jersey Life Producer Exam

Updated: Aug 13, 2026

Q & A: 95 Questions and Answers

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Insurance Licensing NJ-Life-Producer Exam Syllabus Topics:

SectionObjectives
State Laws, Rules, and Regulations- Marketing Practices
- Ethics and Consumer Protection
- New Jersey Insurance Regulations
- Producer Licensing Requirements
Completing the Application, Underwriting, and Delivering the Policy- Application Process
- Underwriting
- Policy Delivery
Policy Riders, Provisions, Options, and Exclusions- Policy Exclusions
- Policy Provisions and Options
- Policy Riders
Retirement and Other Insurance Concepts- Qualified Plans
- Retirement Plans
- Life Insurance Needs Analysis
Types of Policies- Combination Plans and Variations
- Interest-Sensitive Life Products
- Annuities
- Term Life Insurance
- Traditional Whole Life Products

Insurance Licensing New Jersey Life Producer Sample Questions:

1. Which rider would allow additional insurance at specified dates or events, without evidence of insurability?

A) Guaranteed insurability.
B) Disability income.
C) Cost of living.
D) Return of premium.


2. Mortgage redemption or cancellation insurance is a form of what type of insurance?

A) Level premium universal life.
B) Increasing term.
C) Decreasing term.
D) Level premium whole life.


3. The 1944 U.S. v. South-Eastern Underwriters Association case determined that

A) Insurance companies that transact insurance business are subject to the same regulations as banks and savings and loan associations.
B) Individuals who transact insurance business are subject to the same regulations as investment brokers.
C) Insurance is commerce and should be subject to federal regulation.
D) Insurance is commerce and should be subject to state regulation.


4. The New Jersey Banking and Insurance Commissioner has the authority to take all of the following actions EXCEPT

A) Amend insurance rules and regulations.
B) Enforce insurance rules and regulations.
C) Establish insurance rate schedules.
D) Create regulations to achieve the purposes of insurance laws.


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

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


Solutions:

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

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