Free NJDOBI NJ-Life-Producer Exam Questions

Become NJDOBI Certified with updated NJ-Life-Producer exam questions and correct answers

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Total 93 Questions | Updated On: Aug 19, 2026

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Question 1

In New Jersey, an insurance company formed in New Jersey with offices in New York is a

A : Foreign insurer.

B : Domestic insurer.

C : Alien insurer.

D : Mutual insurer.

Answer: B

Question 2

Generally, if an application is not prepaid, the effective date of coverage begins on the date the

A : Application is signed.

B : Application is postmarked and mailed to the insurer.

C : Company underwriter approves the risk.

D : Producer delivers the policy and collects a premium.

Answer: D

Question 3

Generally, the maximum percentage of the face amount paid under an Accelerated Death Benefit would be

A : 10%.

B : 50%.

C : 100%.

D : 200%.

Answer: B

Question 4

An immediate annuity is designed to make its first benefit payment to the annuitant typically

A : When the accumulation period, of at least 24 months, ends.

B : In the form of a lump sum payment.

C : Only after all cash surrender values, with interest, have been calculated.

D : One month from the annuity’s purchase date.

Answer: D

Question 5

An individual must be a licensed producer in order to take which of the following actions?

A : Compile the names and addresses of prospective insureds for marketing purposes.

B : Accept premiums from insureds at a recorded place of business.

C : Discuss the effects of age or health on premiums with a prospective insured.

D : Type binders or certificates.

Answer: C

Page: 1 / 19

Total 93 Questions | Updated On: Aug 19, 2026

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