New Jersey Life and Health State Practice Exam

Which of the following designations is regulated by the Department of Banking and Insurance?

1. Chartered Life Underwriter

2. Certified Insurance Counselor

3. Accredited Adviser in Insurance

4. Registered Health Underwriter

The correct answer is: Certified Insurance Counselor

The designation that is regulated by the Department of Banking and Insurance in New Jersey is the Certified Insurance Counselor. This designation is recognized for its rigorous educational and ethical standards, and it signifies that the individual has completed a series of courses and has demonstrated a high level of knowledge in the insurance field. The regulation ensures that counselors adhere to the standards of practice required in the industry, providing consumers with confidence in the expertise of those holding this designation. The other designations, while they may have their own value and recognition in the industry, are not specifically regulated by the Department of Banking and Insurance. Each of these designations has different education and ethics standards established by separate organizations that may focus on broader subjects or areas of expertise within the insurance field. This distinction is crucial in understanding the regulatory landscape for insurance designations in New Jersey.