NJ

A motorist who operates a vehicle in New Jersey must carry these three things at all times: - Answer- license, valid insurance, and registration cards A person with a valid New Jersey driver permit must be accompanied by - Answer- an appropriately licensed driver from NJ Address changes must be reported to the MVC within - Answer- one week after moving Legal name changes must be reported to the MVC within - Answer- two weeks Person with a valid out-of-state license who moves to New...

NJ PSI PROPERTY AND CASUALTY EXAM LATEST UPDATE In New Jersey, and insurer must provide at least______ advance notice for cancellation of property coverages for nonpayment of premium - CORRECT ANSWER -10 days The employment of another producer by a producer is subject to all of the following requirements, except a. the employer shall examine the credentials of the kinds of business described in the contract. b. the employer shall be responsible for the insurance related conduct of th...

NJ PSI PROPERTY AND CASUALTY EXAM LATEST UPDATE In New Jersey, and insurer must provide at least______ advance notice for cancellation of property coverages for nonpayment of premium - CORRECT ANSWER -10 days The employment of another producer by a producer is subject to all of the following requirements, except a. the employer shall examine the credentials of the kinds of business described in the contract. b. the employer shall be responsible for the insurance related conduct of th...

NJ P&C Insurance Exam Questions with Verified Answers (Graded A) A flood damages a single-family dwelling that is in a community in the early stages of participation in the NFIP, but they are not yet considered participating. What is the maximum a resident may receive for damages to their personal property? - ANSWER$10,000 Under the Dwelling Broad Form, losses to an unattached garage are paid on which basis? - ANSWERReplacement Cost Which of the following is false regarding the Building ...

What is the minimum speed at which a car driving on a wet road might start to hydroplane? -Answer- 35 mph A motorist who operates a motor vehicle in the state of New Jersey must carry one of three valid licenses. Name them. -Answer- 1. A valid probationary license (GDL) 2. A valid drivers license 3. A validated New Jersey Permit What other documents, aside from license, must a motorist in New Jersey carry? -Answer- Valid insurance and vehicle registration cards. A motorist who is a...

NJ P&C Insurance Exam Questions with Verified Answers (Graded A) A flood damages a single-family dwelling that is in a community in the early stages of participation in the NFIP, but they are not yet considered participating. What is the maximum a resident may receive for damages to their personal property? - ANSWER$10,000 Under the Dwelling Broad Form, losses to an unattached garage are paid on which basis? - ANSWERReplacement Cost Which of the following is false regarding the Building ...

NJ PSI ACCIDENT AND HEALTH PRODUCER PRACTICE EXAM QUESTIONS WITH VERIFIED SOLUTIONS According to the Time Payment of Claims provision, the insurer must make the payment immediately after receiving proof of loss EXCEPT: - if the insured is able to eventually return to work -if the death is suicide or due to a pre existing condition -when the policy is in the incontestability period -for claims involving periodic payments - CORRECT ANSWER -for claims involving periodic payments I...

NJ PSI ADVANCED EXAM QUESTIONS WITH CORRECT ANSWERS all of the following are ownership rights EXCEPT: A: changing the beneficiary of the policy B: borrowing funds against cash value C: switching the policy from on insured to another D: assigning all of the rights of the policy to another person - CORRECT ANSWER -C: switching the policy from on insured to another which of the following is characteristic of a non qualified plan: A: defined vesting schedule B: plan established b...

NJ PSI ADVANCED EXAM QUESTIONS WITH CORRECT ANSWERS all of the following are ownership rights EXCEPT: A: changing the beneficiary of the policy B: borrowing funds against cash value C: switching the policy from on insured to another D: assigning all of the rights of the policy to another person - CORRECT ANSWER -C: switching the policy from on insured to another which of the following is characteristic of a non qualified plan: A: defined vesting schedule B: plan established b...

NJ PSI ACCIDENT AND HEALTH PRODUCER PRACTICE EXAM QUESTIONS WITH VERIFIED SOLUTIONS According to the Time Payment of Claims provision, the insurer must make the payment immediately after receiving proof of loss EXCEPT: - if the insured is able to eventually return to work -if the death is suicide or due to a pre existing condition -when the policy is in the incontestability period -for claims involving periodic payments - CORRECT ANSWER -for claims involving periodic payments I...