Publication Date
2024-09-03
effective date
2024-08-19
jurisdiction
New Jersey Updates Requirements For A Hearing For Resident and Nonresident Licensees
NJ - Effective August 19, 2024, New Jersey updated requirements for a hearing from the Department after a licensee has been suspended or canceled within twenty calendar days for residents and nonresidents.
- _A written request for a hearing may be:_
- _Faxed to the Department at (609)292-5337; or_
- _Mailed to: Chief of Investigations New Jersey Department of Banking and Insurance P.O. Box 329 Trenton, New Jersey 08625-0329_
- _The request must include:_
- _The licensee's name, address, and daytime telephone _number;
- _A copy of the notice;_
- _A statement requesting a hearing;_
- _Specific admission, denial, or explanation of each fact alleged in the notice, or a statement that the person is without knowledge of those facts;_
- _A short statement of the licensee's defense._
AgentSync Actions
Our compliance experts are constantly searching for and analyzing industry updates. Their findings are then recorded in the Regulatory Updates section of the Compliance Library to explain how the update impacts the insurance industry. If a change impacts an AgentSync product, this will be highlighted to inform you that the product is being updated to ensure you remain in compliance.
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This update has been reviewed by AgentSync compliance experts for industry impact and necessary automation in the AgentSync platform.
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