New Jersey Life Producer Law Practice Test

What must a person do to apply for a resident producer's license in New Jersey?

1. Pay a fee

2. Sign an application as prescribed by the Commissioner

3. Provide personal references

4. Submit a background check

The correct answer is: Sign an application as prescribed by the Commissioner

To apply for a resident producer's license in New Jersey, an individual must sign an application as prescribed by the Commissioner. This official application form contains all necessary disclosures, including information about the applicant's qualifications, background, and intent to engage in insurance activities. It is a crucial component of the licensing process, as it serves to verify that the applicant meets the requirements established by the New Jersey Department of Banking and Insurance. The other aspects of the application process, such as paying a fee, providing personal references, and submitting a background check, although possibly necessary components of the overall application process, are not the primary function of the application itself. The signed application is the formal step that initiates the process with the regulatory authority.