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QUESTION 10
Which of the following is not among the rights of the life insurance policyowner?

QUESTION 11
What is the result of an insurer approving an incomplete application?

QUESTION 12
A reinstatement clause outlines reinstatement conditions that include

QUESTION 13
Mortgage redemption or cancellation insurance is a form of what type of insurance?

QUESTION 14
Continuing education credits may be earned for completing which of the following courses?

QUESTION 15
Insurance advertising in local newspapers is regulated by the

QUESTION 16
The New Jersey Banking and Insurance Commissioner has the authority to take all of the following actions EXCEPT

QUESTION 17
Which of the following statements is true regarding a Waiver of Premium Rider?

QUESTION 18
One area in which errors are commonly made on life insurance applications and for which the incontestable clause does not apply is

QUESTION 19
To renew an insurance producer license, a renewal applicant must earn 24 continuing education credits during the previous two years EXCEPT:

QUESTION 20
Why would a policyowner purchase a term rider for their existing policy?

QUESTION 21
After discussing financial status, tax status, investment objectives, and any other information considered to be relevant, the producer and the client decide that an annuity will achieve the client’s financial goal. This annuity purchase is deemed to be

QUESTION 22
Under New Jersey replacement regulations, it is the duty of the replacing insurance company to take all of the following actions EXCEPT

QUESTION 23
A policy may contain provisions excluding or restricting coverage as specified in the event of death under all of the following EXCEPT

QUESTION 24
Printing derogatory statements about an insurance company’s financial condition is known as

QUESTION 25
Which of the following retirement plans is not restricted to contribution limits set by the IRS?

QUESTION 26
Which of the following actions by a producer is considered an unfair method of competition?

QUESTION 27
What is the purpose of the automatic premium loan rider?

QUESTION 28
The proposed insured’s statements on a life insurance application are considered to be

QUESTION 29
An insurance company that terminates a producer’s agency contract is required to file a written notice of the termination with the Banking and Insurance Department at which of the following times?

QUESTION 30
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?

QUESTION 31
Which of the following statements is true about premium refunds resulting from the cancellation of a credit life policy?

QUESTION 32
Which of the following is most likely used for underwriting purposes and includes information on an applicant’s character and personal habits?