最新的Insurance Licensing NJ-Life-Producer免費考試真題

問題1

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

A. To guarantee the premium amount throughout the life of the policy.

B. To reduce the premium payment period.

C. To add additional death benefits.

D. To provide protection in case the insurer refused to pay the benefits of the policy.

正確答案: C

說明：（僅 Fast2test 成員可見）

問題2

The policy feature that makes universal life different from whole life insurance policies is its

A. Flexible premium schedule.

B. Assignment options.

C. Fixed face amount.

D. Settlement options.

正確答案: A

說明：（僅 Fast2test 成員可見）

問題3

Which of the following must an agent do when replacing a life insurance policy?

A. Submit to the replacing insurer a list of all life insurance policies or annuity contracts proposed to be replaced.

B. Notify the insurer whose policy is being replaced, but not the insurer replacing the policy.

C. Obtain with the application the applicant's justification for why the replacement is suitable.

D. Forward the signed and completed Disclosure Statement to the replacing insurer and not provide the applicant with a copy.

正確答案: A

說明：（僅 Fast2test 成員可見）

問題4

A reinstatement clause outlines reinstatement conditions that include

A. Proof of insurability.

B. Payment of outstanding loans within the year.

C. A higher premium charge.

D. A decrease in policy limits.

正確答案: A

說明：（僅 Fast2test 成員可見）

問題5

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

A. Overstating the benefits of an insurance policy.

B. Offering broader coverages than a competitor.

C. Using television to advertise.

D. Securing insurance for a client at a cheaper price than a competitor.

正確答案: A

說明：（僅 Fast2test 成員可見）

問題6

The principle that insurance is not a transaction of commerce and therefore should be regulated by the states was established by

A. The McCarran-Ferguson Act.

B. Paul v. Virginia.

C. Public Act 15.

D. U.S. v. South-Eastern Underwriters Association.

正確答案: B

說明：（僅 Fast2test 成員可見）

問題7

An insurer who is placed under an order of liquidation by a court of competent jurisdiction is defined under the terms of the New Jersey Life and Health Insurance Guaranty Association Act as

A. An impaired insurer.

B. A bankrupt insurer.

C. An insolvent insurer.

D. An incompetent insurer.

正確答案: C

說明：（僅 Fast2test 成員可見）

問題8

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

A. They are prohibited by law.

B. They are considered unearned premiums and must be paid to the borrower.

C. They are permitted only if they will be used to purchase replacement coverage.

D. They are considered earned premiums and may be retained by the creditor as loan security.

正確答案: B

說明：（僅 Fast2test 成員可見）

問題9

What is the purpose of the Accelerated Death Benefit Rider?

A. To increase the death benefit by a stated percentage.

B. To provide for the early payment of the death benefit for a terminally ill insured.

C. To decrease the tax liability of the insured's estate.

D. To adjust the death benefit to keep up with inflation.

正確答案: B

說明：（僅 Fast2test 成員可見）

問題10

The 1944 U.S. v. South-Eastern Underwriters Association case determined that

A. Insurance is commerce and should be subject to state regulation.

B. Insurance companies that transact insurance business are subject to the same regulations as banks and savings and loan associations.

C. Insurance is commerce and should be subject to federal regulation.

D. Individuals who transact insurance business are subject to the same regulations as investment brokers.

正確答案: C

說明：（僅 Fast2test 成員可見）

最新的Insurance Licensing New Jersey Life Producer - NJ-Life-Producer免費考試真題

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