New Jersey Life Producer Law Practice Test

What action must a producer take to reinstate a voluntarily terminated license during the same license period?

1. Submit a formal request

2. Complete an approved continuing education course

3. Pass a re-examination

4. Pay a reinstatement fee

The correct answer is: Complete an approved continuing education course

To reinstate a voluntarily terminated license during the same license period, a producer must complete an approved continuing education course. The rationale behind this requirement is that continuing education ensures producers remain knowledgeable about current laws, practices, and products relevant to their field. By completing the necessary education, the producer demonstrates commitment to professional development and compliance with state regulations governing licensure. While other actions, such as submitting requests, passing re-examinations, or paying fees, may be part of other reinstatement or licensing processes, the specific stipulation for reinstating a voluntarily terminated license within the same period is focused on ensuring the producer is up-to-date with the necessary knowledge and skill set required for their responsibilities.