Free Insurance Regulation Practice Questions
New Jersey Property & Casualty exam — 242 practice questions.
Subtopics: Regulator, CE total, Ethics, License term, PLIGA, PLIGA limits, Auto cancellation, Nonrenewal notice, Homeowners cancellation, FAIR plan, Rate regulation, Binder, Certificate of authority, Surplus lines, Licensing acts, Appointment, Termination, Temporary license, Rebating, Unfair claims, Fraud, Penalties, Fiduciary, Prelicensing, Nonresident, Flood training, Privacy, Claims good faith, Adjusters, Proof of insurance, FAIR Plan name, FAIR membership, FAIR eligibility, FAIR applications, FAIR policy term, FAIR appeal, Insurable condition, FAIR excluded risks, FAIR value cap, FAIR coverage, FAIR theft option, Unpaid premium, Mine subsidence, FAIR participation, FAIR notice exceptions, Scope of 11:1-20, Excluded commercial lines, Nonrenewal window, Renewal premium notice, Midterm cancellation notice, Nonpayment cancellation, Payment before cancellation, Moral hazard, Notice content, Complaint statement, Notice delivery, No nonrenewal notice, Insured-requested termination, Underwriting guidelines, Approved guidelines, Policy statement, New business period, Loss experience, Agency termination, Public adjuster role, Claim reporting by broker, Claim acknowledgment, Notice to agent, Department inquiry, Start of investigation, First-party payment, Third-party payment, Third-party PD payment, Delay notices, Settlement payment, Lowball offers, Race discrimination, Age and auto, Defamation, Boycott, Rebating in P&C, Accepting rebates, Personal lines rates, Rate standards, PLIGA limit, PLIGA exceptions, PLIGA lines, PLIGA and surplus lines, Surplus lines guaranty fund, PLIGA net worth, PLIGA timing, PLIGA assessments, Diligent effort, Surplus lines agent, Eligible insurer, Export rate floor, Exportable list, Surplus lines tax, Absorbing the tax, Evidence of coverage, Independent procurement, Deregulation act, Commercial rate filing, Commercial forms, Special risks, Deregulation exclusions, Commercial rebates, Commercial forms standard, Property line, Casualty line, Personal lines line, CE requirement, CE carryover, CE credit hour, Certificate effect, Certificate definition, Altering coverage, Certificate notice rights, Contract compliance, Prelicensing hours, Negotiate defined, Solicit defined, Sell defined, Insurance consultant, Consultant exclusion, License authority, License exemption, Exam languages, Failed exam, Exam content, Minimum age, Business entity, Fingerprinting, Arrest notice, Lapsed license, Late penalty, Military waiver, Change of address, Address records, Address fine, Nonresident license, Service of process, Moving to NJ, Moving out, Prior license exemption, Nonresident CE, Assumed name, Business name standard, Temporary license term, Temporary license uses, Temporary license sponsor, Temporary work authority, Score validity, First license term, Business entity term, Late renewal, Expired license, Fraud CE substitution, Prelicensing vs CE, Appointment notice, Appointment renewal, Pre-licensure business, Termination filing, Termination for misconduct, Termination immunity, Premium receipt, Employing producer, Branch office, Branch staffing, Proof of licensure, Grounds for discipline, Child support, Criminal reporting, FINRA actions, Denial hearing, Entity responsibility, Surrendered license, Civil penalties, Restitution, Ex parte orders, Subpoenas, Penalty hearing request, Unlicensed commissions, Veteran fee waiver, Hearing notice, Cease and desist, Violating C&D order, Judicial review, Complaint records, Stock as inducement, Fraud reporting, Reporter immunity, Fraud penalties, Application fraud, Fraud prosecutor, Crime of insurance fraud, Signature inference, Privacy authorization, Domestic insurer, Alien insurer, Repeating a course, Instructor credit, Stock insurer, Mutual insurer, Reinsurance parties, Commissioner rulemaking, Commissioner conflicts, Federal fraud statute, Fair Credit Reporting Act, Gramm-Leach-Bliley, Terrorism Risk Insurance Act, Do Not Call, McCarran-Ferguson Act, NAIC role, Unfair claims settlement, Anti-money laundering, Fraud warning statements, Federal Insurance Office, Surplus lines regulation, Risk retention groups, Unfair trade practices, Fiduciary duties, Insurer solvency, Producer licensing, Federal regulation
Read the Insurance Regulation study guide
Sample questions & answers
1. Property and casualty insurers and producers in New Jersey are regulated by the:
Department of Banking and Insurance
DOBI regulates property and casualty insurance, insurers, and producers in New Jersey.
2. A resident New Jersey property and casualty producer must complete how many CE credits per biennial term?
24
Resident producers must complete 24 CE credits, including ethics, each two-year term.
3. The minimum professional ethics portion of the New Jersey CE requirement each term is:
3 credits
At least three of the 24 required CE credits each term must be in professional ethics.
4. New Jersey resident producer licenses are renewed:
Biennially
Resident producer licenses are issued and renewed on a two-year (biennial) basis.
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Practice: Insurance Regulation
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
