New Jersey Casualty Insurance Producer Test 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

How many days does an agent have to remit premium funds to the insurer?

3 days

5 days

In New Jersey, an insurance agent is required to remit premium funds to the insurer within five days of receiving them from the insured. This requirement is set to ensure that premium payments are handled promptly and that the insurance coverage is effective in a timely manner. Timely remittance is crucial not only for maintaining good relationships with insurers but also for protecting the interests of policyholders. By adhering to this timeline, agents contribute to the overall efficiency and reliability of the insurance process.

Get further explanation with Examzify DeepDiveBeta

7 days

10 days

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy