State RegulationsNJ specificDifficulty 1/5
An applicant wants a New Jersey producer license covering both life and health insurance. How many hours of approved prelicensing education must the applicant complete?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Under the producer licensing requirements administered by the New Jersey Department of Banking and Insurance, prelicensing education is 20 hours for life and 20 hours for health, so an applicant seeking the combined life and health authority completes 40 hours. The continuing education requirement of 24 credits per renewal period is a different regime that begins only after licensure and should not be confused with the entry-level education hours.
Why the other options are wrong
- A) 20 hours covers one line only; the combined life and health authority requires both line requirements added together.
- C) 24 is the number of continuing education credits per renewal period, not the prelicensing education hours for the combined lines.
- D) The life and health lines do not overlap for education purposes; each carries its own 20-hour requirement.
Memory hook
Life 20 plus Health 20: two lines, forty hours.