New Jersey Life and Health State Practice Exam

What must Jerry do to reinstate his producer's license after voluntarily terminating it during the same license period?

1. Complete a new license application

2. Provide a written health claim

3. Submit a fee for reinstatement

4. Obtain a recommendation from an insurer

The correct answer is: Complete a new license application

To reinstate his producer's license after voluntarily terminating it during the same license period, Jerry must complete a new license application. This requirement comes from the regulatory framework that governs the licensing of insurance producers. When a license is voluntarily terminated, it is essentially treated as though the individual has relinquished their right to operate as a producer, necessitating a fresh application process to evaluate qualifications and ensure compliance with current licensing standards. Completing a new application allows the regulatory authority to reassess Jerry’s eligibility, verify any updates in his background, and ensure that he meets the current criteria for licensure. This step is crucial in maintaining the integrity and competence of producers in the insurance industry. The other options relate to various processes that might not be applicable in this scenario. A written health claim is irrelevant to the reinstatement of a producer's license. Similarly, while fees are often a component of licensing processes, the emphasis on submitting a new application underscores the need to start the process anew rather than simply paying a fee for reinstatement. Obtaining a recommendation from an insurer may be a good practice, but it is not a mandated step for reinstatement in this context.