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

NJ-Life-Producer actual test
  • Exam Code: NJ-Life-Producer
  • Exam Name: New Jersey Life Producer Exam
  • Updated: Jul 29, 2026
  • Q & A: 95 Questions and Answers
  • PDF Demo
  • PC Test Engine
  • Online Test Engine
  • Total Price: $59.99  

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Insurance Licensing NJ-Life-Producer Exam Syllabus Topics:

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

                        Insurance Licensing New Jersey Life Producer Sample Questions:

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

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


                        2. An agent's underwriting duties include which of the following?

                        A) Declining or accepting an application.
                        B) Issuing the policy.
                        C) Setting premium amounts.
                        D) Completing all applications and collecting initial premiums.


                        3. A licensed life or health producer who solicits insurance in New Jersey, has not selected New Jersey as his home state, and resides and maintains the principal office in another state is defined as

                        A) An alien producer.
                        B) A nonresident producer.
                        C) A foreign producer.
                        D) A reciprocal producer.


                        4. 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) Twisting.
                        B) Replacement.
                        C) Rebating.
                        D) Solicitation.


                        5. A reinstatement clause outlines reinstatement conditions that include

                        A) A higher premium charge.
                        B) A decrease in policy limits.
                        C) Proof of insurability.
                        D) Payment of outstanding loans within the year.


                        Solutions:

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

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