NJ Property & Casualty Rules/Regulations Exam Questions and Answers (Latest Update 2024), Exams of Nursing

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Questions and Answers (Latest Update 2024)

Commissioner must give at least ____ days before a hearing for unfair trade practices - Correct Answer ✅10 Days Max fine for each violation committed unknowingly - Correct Answer ✅$1, Max fine for each violation committed knowingly - Correct Answer ✅$5, Max fine for violating a cease and desist order - Correct Answer ✅$5, Minimum age to obtain producer's license - Correct Answer ✅ 18 Time frame for a nonresident insurance producer to file a change of address

• Correct Answer ✅30 days Prelicensing hours required for life, accident, and health license - Correct Answer ✅20 hours Prelicensing hours for P&C - Correct Answer ✅40 hours

Questions and Answers (Latest Update 2024)

Temporary work authority for resident producer applicants is valid for ____ days - Correct Answer ✅60 days If producer dies, becomes disabled, or is called to active military service, Commissioner may issue a: - Correct Answer ✅Temporary Producer License Temporary Producer License may be issued for a max of ____ days - Correct Answer ✅180 days Commissioner must be notified of cancellation within ____ days, including reason for cancellation - Correct Answer ✅15 days Expiration date of license is every ____ years on the last day of the birth month - Correct Answer ✅2 years A producer who allows his license to expire may reinstate the license within ____ of expiration - Correct Answer ✅1 year

Questions and Answers (Latest Update 2024)

Total CE hours required for every two years - Correct Answer ✅24 hours CE includes ____ hours of ethics CE - Correct Answer ✅3 hours Criminal acts must be reported to the Commissioner within ____ days of conviction - Correct Answer ✅30 days Dept of banking and insurance must be notified ____ days before opening or closing a branch office - Correct Answer ✅30 days Number of days to report change of mailing, residence, and email address or business name to Dept of banking and insurance - Correct Answer ✅30 days Dept of banking and insurance: records must be retained for at least ____ - Correct Answer ✅5 years A person found guilty of insurance fraud is subject to $____ for the first offense - Correct Answer ✅$5,

Questions and Answers (Latest Update 2024)

A person found guilty of insurance fraud is subject to $____ for the second offense - Correct Answer ✅$10, A person found guilty of insurance fraud is subject to $____ for the third and each subsequent offense - Correct Answer ✅$15,