Free Insurance Licensing NJ-Life-Producer Exam Dumps Questions & Answers

An owner of a life insurance policy may transfer ownership temporarily with

• A.  A beneficiary assignment.
• B.  A collateral assignment.
• C.  An absolute assignment.
• D.  A transfer assignment.

A producer who is authorized by an insurance company to solicit, negotiate, or sell insurance contracts is acting as

• A.  An insurance broker.
• B.  An insurance agent.
• C.  An insurance consultant.
• D.  A financial consultant.

A policy may contain provisions excluding or restricting coverage as specified in the event of death under all of the following EXCEPT

• A.  War, or act of war.
• B.  A licensed pilot of a personal aircraft.
• C.  Fare-paying passenger.
• D.  Not provided in the source question.

The purpose of advertising regulations is to

• A.  Assure full and truthful disclosure to the public.
• B.  Ensure that the insurance company is supervising its agents properly.
• C.  Assure that spokespersons are properly compensated.
• D.  Ensure that the prospect has all the required information to make an informed decision.

Under a multiple protection policy, the policy that pays on the death of the last person is called

• A.  A universal life policy.
• B.  A joint life policy.
• C.  A survivorship life policy.
• D.  An annuity life policy.