New Jersey Life Insurance Exam Practice Question
According to New Jersey law, copies of insurance advertisements MUST be maintained
Correct Answer: B
Rationale: Under New Jersey law, insurance advertisements must be maintained at the company's office to ensure compliance and facilitate regulatory review. This requirement helps maintain a centralized record of all marketing materials used by the insurer.
Option A is incorrect because while producers may keep copies for their reference, the law specifies that the primary records should be held at the company’s office.
Option C is also incorrect, as storing advertisements solely on a producer’s computer does not meet regulatory requirements for accessibility and accountability.
Option D misrepresents the responsibility; while the Department of Banking and Insurance oversees compliance, it does not maintain copies of advertisements.
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