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

NJ-Life-Producer Exam Simulator
  • Exam Code: NJ-Life-Producer
  • Exam Name: New Jersey Life Producer Exam
  • Updated: Sep 08, 2026
  • Q & A: 95 Questions and Answers
  • Insurance Licensing NJ-Life-Producer Q&A - in .pdf

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Insurance Licensing NJ-Life-Producer Exam Syllabus Topics:

SectionObjectives
Topic 1: Underwriting and Policy Issuance- Risk classification
  • 1. Moral hazard and adverse selection
    • 2. Medical underwriting factors
      Topic 2: State Regulations (New Jersey)- Insurance laws and ethics
      • 1. Unfair trade practices
        • 2. Producer licensing requirements
          Topic 3: Life Insurance and Annuities- Annuity basics
          • 1. Variable annuities
            • 2. Fixed annuities
              Topic 4: Life Insurance Fundamentals- Types of life insurance policies
              • 1. Universal life insurance
                • 2. Whole life insurance
                  • 3. Term life insurance
                    - Policy provisions and clauses
                    • 1. Grace period
                      • 2. Incontestability clause

                        Insurance Licensing New Jersey Life Producer Sample Questions:

                        Question 1

                        Which of the following must an agent do when replacing a life insurance policy?

                        A. Forward the signed and completed Disclosure Statement to the replacing insurer and not provide the applicant with a copy.
                        B. Notify the insurer whose policy is being replaced, but not the insurer replacing the policy.
                        C. Submit to the replacing insurer a list of all life insurance policies or annuity contracts proposed to be replaced.
                        D. Obtain with the application the applicant's justification for why the replacement is suitable.


                        Question 2

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

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


                        Question 3

                        According to New Jersey law, copies of insurance advertisements must be maintained

                        A. By the Department of Banking and Insurance.
                        B. On the producer's computer.
                        C. At the producer's office.
                        D. At the company's office.


                        Question 4

                        One area in which errors are commonly made on life insurance applications and for which the incontestable clause does not apply is

                        A. Occupation.
                        B. Age.
                        C. State of residence.
                        D. Education level.


                        Question 5

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


                        Solutions:

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

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