New Jersey Insurance Regulations Practice Questions
125 free New Jersey-specific insurance regulation questions — licensing rules, replacement regulations, unfair practices, and NJ insurance code duties tested on the New Jersey Life & Health exam. Nationally applicable material lives in the other domains.
- 1.What is the core purpose of the New Jersey Life and Health Guaranty Association?Difficulty 1/5NJ specific
- 2.Under New Jersey's prompt-pay rules for health claims, within how many days must a carrier pay an electroni…Difficulty 1/5NJ specific
- 3.Under New Jersey's insurance information privacy rules, when may an insurer collect personal information ab…Difficulty 1/5NJ specific
- 4.A New Jersey carrier receives a paper clean claim for a covered health service and neither pays nor denies …Difficulty 2/5NJ specific
- 5.A producer offers to return part of her commission to a prospective client if he buys a policy from her. Un…Difficulty 1/5NJ specific
- 6.When soliciting a Medicare supplement policy in New Jersey, what disclosure document must be delivered to t…Difficulty 2/5NJ specific
- 7.An insured made an honest misstatement in the application for an individual health policy. After the policy…Difficulty 3/5NJ specific
- 8.An applicant wants a New Jersey producer license covering both life and health insurance. How many hours of…Difficulty 1/5NJ specific
- 9.A producer offers a prospective client a television set, not specified in the policy, as an inducement to p…Difficulty 1/5NJ specific
- 10.A warehouse worker breaks his leg while lifting pallets on the job. Under New Jersey's temporary disability…Difficulty 2/5NJ specific
- 11.Which statement correctly describes how New Jersey's health insurance reform statutes are organized under N…Difficulty 2/5NJ specific
- 12.A producer tells a prospect that a competing insurer "is about to become insolvent," knowing the statement …Difficulty 3/5NJ specific
- 13.An insurer has collected personal and medical information while underwriting a policy. Under New Jersey's i…Difficulty 2/5NJ specific
- 14.For purposes of the New Jersey Life and Health Guaranty Association Act, which of the following is a member…Difficulty 2/5NJ specific
- 15.A producer mails circulars within New Jersey that falsely state that a competing insurer is insolvent and u…Difficulty 1/5NJ specific
- 16.An applicant's life insurance application is declined by an insurer's underwriting department, and he deman…Difficulty 2/5NJ specific
- 17.An industrial life insurance policy — with premiums payable more often than monthly — has a premium due tha…Difficulty 1/5NJ specific
- 18.A provider submits a health claim to a New Jersey carrier, but the submission omits information the carrier…Difficulty 3/5NJ specific
- 19.How is group life insurance typically underwritten when compared with individually owned life coverage?Difficulty 1/5NJ specific
- 20.What is the term of a New Jersey insurance producer license, and what is the fee for a major line?Difficulty 1/5NJ specific
- 21.On a single claim file, an insured inflates the value of the stolen items, while the insurer, handling the …Difficulty 3/5NJ specific
- 22.A producer offers to give a prospective buyer a cash kickback out of the producer's own commission if the b…Difficulty 1/5NJ specific
- 23.An insurer receives repeated written communications from a policyholder about her pending claim and lets th…Difficulty 1/5NJ specific
- 24.In New Jersey insurance regulation, the term 'insurance producer' refers to which of the following?Difficulty 1/5NJ specific
- 25.Under New Jersey's temporary disability benefits program, how long is the waiting period before benefits be…Difficulty 1/5NJ specific
- 26.A producer wants to mention the Life and Health Guaranty Association during a sales presentation to help cl…Difficulty 2/5NJ specific
- 27.The Individual Health Coverage (IHC) Program established under New Jersey's reform statutes serves which ma…Difficulty 1/5NJ specific
- 28.Under New Jersey regulations, what free-look (return-and-refund) period applies to an individual accident a…Difficulty 1/5NJ specific
- 29.A small New Jersey employer wants to change the benefit levels in its group health plan at renewal. Under t…Difficulty 2/5NJ specific
- 30.An adult applicant who is not yet of retirement age buys an individual life insurance policy in New Jersey.…Difficulty 1/5NJ specific
- 31.A producer collects premium payments from clients and deposits them into his personal checking account, usi…Difficulty 2/5NJ specific
- 32.A lender tells a loan applicant that her application will be approved only if she also buys credit life ins…Difficulty 2/5NJ specific
- 33.Which New Jersey authority administers and enforces the Individual Health Coverage and Small Employer Healt…Difficulty 1/5NJ specific
- 34.Which premium-paying mode for an individual accident and health policy carries the shortest grace period un…Difficulty 1/5NJ specific
- 35.A producer notices that a client's theft claim appears to include items that were never owned or lost. Unde…Difficulty 1/5NJ specific
- 36.What is the current fee to take one New Jersey producer licensing examination?Difficulty 1/5NJ specific
- 37.Which of the following correctly describes the entities bound by New Jersey's insurance information privacy…Difficulty 3/5NJ specific
- 38.Under New Jersey's Medicare supplement rules, how long is the examination (free-look) period during which a…Difficulty 1/5NJ specific
- 39.Which power does the Commissioner of the New Jersey Department of Banking and Insurance exercise under the …Difficulty 1/5NJ specific
- 40.Which authority investigates unfair trade practices, including unfair claim settlement conduct, by New Jers…Difficulty 2/5NJ specific
- 41.An electronic clean claim is submitted to a New Jersey carrier and remains unpaid when the 31st day arrives…Difficulty 2/5NJ specific
- 42.A social club organizes its members into a group for the sole purpose of letting them buy inexpensive life …Difficulty 2/5NJ specific
- 43.A New Jersey life insurer discovers that the insured materially misstated his health history in the applica…Difficulty 2/5NJ specific
- 44.The New Jersey Life and Health Guaranty Association is created and governed under which authority?Difficulty 1/5NJ specific
- 45.A New Jersey producer is preparing for her first license renewal. Which continuing education requirement ap…Difficulty 2/5NJ specific
- 46.An investigator for an insurer plans to pose as a prospective employer in order to extract personal details…Difficulty 2/5NJ specific
- 47.An individual without a New Jersey insurance license approaches small-business owners, presents health cove…Difficulty 2/5NJ specific
- 48.For a single period of disability under New Jersey temporary disability benefits, what is the maximum durat…Difficulty 1/5NJ specific
- 49.For purposes of New Jersey's prompt-pay deadlines, what makes a health claim a 'clean claim'?Difficulty 1/5NJ specific
- 50.An insurer knows that a claim is reasonably due and payable, but instead of paying it stalls and forces the…Difficulty 2/5NJ specific