New Jersey Life Producer Practice Exam

Question: 1 / 400

What authority does the Commissioner lack regarding a person's freedom?

The power to revoke a driver's license

The power to impose jail time

The Commissioner of Banking and Insurance in New Jersey does not have the authority to impose jail time on individuals. This role mainly involves overseeing the insurance industry and ensuring compliance with insurance regulations. While the Commissioner can take actions related to licenses and regulatory compliance, such as revoking or suspending business licenses or driver’s licenses, these actions do not involve criminal penalties like jail time.

Jail time is a consequence that falls under the criminal justice system, which is separate from the regulatory functions performed by the Commissioner. The Commissioner's powers are administrative and civil in nature, making option B the correct response.

Get further explanation with Examzify DeepDiveBeta

The power to suspend a person's business license

The power to restrict travel

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy