New Jersey Life Insurance Exam Practice Question
A producer acting as an agent may take all of the following actions EXCEPT
Correct Answer: B
Rationale: A producer acting as an agent has specific responsibilities and limitations.
A: Countersigning policies is a common action for agents, as it formalizes the agreement on behalf of the insurer.
B: Placing insurance with a company not represented by the producer is incorrect, as agents are typically restricted to the insurers they represent.
C: Collecting the initial premium is a standard function of agents, facilitating the payment process for the insurer.
D: Soliciting insurance is a fundamental role of agents, involving promoting and selling policies to clients.
Thus, option B stands out as the action that deviates from a producer's authority.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now