New Jersey Life Producer Law Practice Test

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Study for the New Jersey Life Producer Test. Prepare with flashcards and multiple-choice questions, each question includes hints and explanations. Get ready for your exam!

Practice this question and more.

How many days does a producer have to inform the Department of a change of address?

10 days
15 days
30 days
60 days

The correct answer is: 30 days

In New Jersey, a life insurance producer is required to inform the Department of Banking and Insurance about any change of address within 30 days. This regulation ensures that the producer's records are kept up to date, which is important for maintaining effective communication regarding licenses, renewals, and other regulatory matters. Timely notification helps the Department manage the producer's information accurately and efficiently, contributing to overall industry compliance and consumer protection. Therefore, the correct response reflects the legal obligation set forth for producers to keep the Department informed of their current contact information within the specified timeframe.