New Jersey Seal

New Jersey

state commissioner

Marlene Caride

STATE email

inslic@dobi.nj.gov

STATE LICENSE DIVISION ADDRESS

New Jersey Department of Banking and Insurance

Appointments & Terminations

Required to report appointments?

Yes

Permits Just-in-time (JIT) appointments?

Yes

Initial appointment deadlines

Appointments can be backdated up to 60 days

Initial appointment deadline rule

JIT appointments permitted. Appointments must be submitted within 15 days of the date the agent/agency contract is executed or the first piece of business is submitted to the carrier

Can be processed via nipr?

Yes

Fees for appointing a resident agency or individual?

$25 electronic/$35 paper

Fees for appointing a nonresident agency or individual?

$25 electronic and $35 paper

Appoint agencies?

Yes

Adjuster appointments via NIPR?

No

Appointment effective date can be specified?

Yes

Appointment effective date rule

Required. Must not precede the effective date of the appointee or the appointer's license. Can be backdated up to 60 days.

State requires appointment renewal?

Yes

Appointment renewals via

Via NIPR Portal

When is the state renewal period?

April 1, 2022 until June 3, 2022

Appointment renewal fee

$25 per company appointment

Terminations processed via NIPR?

Yes

Termination reasons

Voluntary termination; inadequate production; cancelled by general agent; death; company defunct or liquidation; company indebtedness; poor policyholder services; agent moved; appointed in error; request regulatory review

Termination date can be specified by carrier?

Yes

Termination Effective date rule

Required. Must not precede the effective date of the appointee or the appointer's license. Can be backdated up to 60 days

Termination fee

$25 electronic, $35 paper

Licensing

Initial individual new license fee

Resident New License Insurance Producer: $170 (Life, Accident & Health or Sickness, Variable Life and Variable Annuity, Property, Casualty, Personal Lines, Surplus Lines, Title. NOTE: LOA addition fee - $20 per application; Limited Lines with Major Lines addition is $75) Resident New License Insurance Producer: $95 (Car Rental, Credit, Travel, Pet, Legal, Self -Service Personal Property, Bail Bond, Group Mortgage Cancellation. LOA addition fee - $20 per application; Limited Lines with Major Lines addition is $75) Non Resident New License Insurance Producer: $170 (Life, Accident & Health or Sickness, Variable Life and Variable Annuity, Property, Casualty, Personal Lines, Surplus Lines, Title. NOTE: LOA addition fee - $20 per application; Limited Lines with Major Lines addition is $75) Non Resident New License Insurance Producer: $95 (Car Rental, Credit, Travel, Pet, Legal, Self -Service Personal Property, Bail Bond, Group Mortgage Cancellation. LOA addition fee - $20 per application; Limited Lines with Major Lines addition is $75)

License renewal fee

Resident Renewal Insurance Producer: $150 Resident Renewal Insurance Producer: $75 Non Resident Renewal Insurance Producer: $150 Non Resident Renewal Insurance Producer: $75

When does the resident individual producer license renewal period begin?

90 days before expiration

What is the resident individual producer license renewal date?

Last day of birth month every 2 years based on year of first state license issue

Late renewal or reinstatement period for resident individual producer license?

Late renewal allowed up to one year after expiration

When does the nonresident individual producer license renewal period begin?

90 days before expiration

What is the nonresident individual producer license renewal date?

Last day of birth month every 2 years based on year of first state license issue

Late renewal or reinstatement period for nonresident individual producer license?

Late renewal allowed up to one year after expiration

Can a producer use a P.O. Box in their resident or business address?

For individual's residential address only

Are individuals required to list their county as part of the address?

No

What addresses are required for individual license maintenance?

Residence, Business, and Mailing

State individual licenses include

Dental Plan Organization, Risk Retention Group, Life Health Company, Surplus Lines, Public Adjuster, Property Casualty, Insurance Producer, Temporary Producer

State broker license rule

Included in Producer License Class. Insurers are not required to appoint Brokers per NAIC PLMA

Requires pre licensing courses?

Yes

Study method requirements

Instructor led, monitored, or independent self study

Submission of completion certificate rule

Original certification must be provided at the time of exam and included with the license application If a waiver of pre-license education is approved, a letter of approval must be attached to the license application.

How long is the pre licensing certification valid?

Each applicant must receive a certificate of completion for pre-licensing education from the course provider. No expiration

Exemptions to pre licensing requirements

An applicant who was previously licensed for the same lines of authority in another state is exempt from pre-licensing and examination requirements if: a. the applicant is in good standing in that state; or b. the application is received within 90 days of cancellation of the previous license and the prior state certifies that the applicant was in good standing at the time of cancellation. Pre-license education may be waived if the applicant: a. held a producer license in another state, which expired less than a year before the waiver application; b. is a veteran of the U.S. armed forces, and completed a course of veteran's education approved by the Commissioner; c. has completed insurance classes at an accredited college or university which are comparable to the required pre-licensing courses; d. is an attorney licensed only for title insurance; e. is seeking a life authority and holds one the following professional designations: I. Certified Employee Benefits Specialist (CEBS); II. Chartered Financial Consultant (ChFC); III. Fellow, Life Management Institute (FLMI); or IV. LUTC Fellow (LUTCF); f. is seeking an accident and health or sickness authority and holds one of the following professional designations: I. Registered Health Underwriter (RHU); II. Certified Employee Benefits Specialist (CEBS); III. Registered Employee Benefits Consultant (REBC); or IV. Health Insurance Associate; g. is seeking property, casualty or personal lines authorities and holds the following professional designations: I. Accredited Adviser in Insurance (AAI); II. Associate in Risk Management (ARM); III. Certified Insurance Counselor (CIC); or IV. Chartered Property and Casualty Underwriter (CPCU); or h. has earned another professional designation the Commissioner deems to satisfy the pre-licensing requirement. A request for a pre-license education waiver must be made before registering for an exam or submitting an application for a producer license. The following documents may be required: a. for new residents, a recent certification letter or status letter issued by the licensing authority of the resident state; b. proof of completion of a course of veteran's education; c. a transcript issued by an accredited college or university where an insurance course was taken and a description of the subject matter covered; d. a certificate of good standing issued by the Clerk of the New Jersey Supreme Court; or e. proof of having earned a professional designation. An applicant who previously surrendered a valid license as a condition of public employment is exempt from pre-license education as long as: a. the employment was insurance-related; and b. application for re-licensing is made within 1 year after the employment is terminated. Waivers expire 90 days after issuance and may be extended only for good cause.

Fingerprints Required?

Yes, for Resident Licensing

Fingerprint Submission Details

Live Scan

Where to apply for resident license?

NIPR Gateway

Other licensing notes

Letter of clearance is not required when changing your resident state if your resident state license status is available on the Producer Database.

What Transactions are Retaliatory Fees Applied to?

None

Submit Partial License Renewals through NIPR?

No

Has Personal Lines LOA?

Yes

Deadline to report personal data changes (address, name change, phone number, etc.)

Licensees must notify the Department within 30 days of any change of residence address, business address, legal name, phone number, or e-mail address. a. Proof of this notification must be kept for 5 years, or until an amended license is received. b. A request for name change must be accompanied by the legal document evidencing the name change. c. No fee is required. Contact Change Request is supported via NIPR Gateway.

Penalty for failure to timely report personal data changes

Failure to notify the Department of an address change within 30 days results in a fine of $250.

Agency

Can a sole proprietor be licensed as an entity?

Optional

DRLP must have active state license

Yes

DRLPs must cumulatively cover all LOAs in application

Yes

Agency Licensing renewals

90 days prior to expiration date until expiration date. Renewal grace period ends 30 days after license expiration. Late renewal period ends 1 year past expiration date.

Agency License required?

Yes, if selling insurance

Affiliations: Indicates if producers selling on behalf of/through an entity must be formally affiliated with that entity and if the entity must notify the department of changes

No

Branch office

Branch office must be licensed

Adjuster

Requires adjuster license?

Only Public Adjusters

Offers designated home state?

No

DHS exam required?

N/A

Reciprocity states

None

Independent adjuster renewal date

Biennially, on the last day of the individual's birth month

Emergency adjuster details

Emergency Adjuster Licenses are not issued, but in the state of emergency adjusters can react based on the bulletins/orders announced by the state.

Continuing Education

Total hours per renewal period

24

Renewal period

2 years

CE due before license renewal date?

Yes

License renewal date is

Last day of birth month

License renewal year based on...

Year of first license issuance

When is the CE due?

Prior to license expiration. The first license period will be anywhere from 18 to 29 months based on your licensure date and birthday.

How long before expiration does state send CE reminder?

30 days prior to expiration date

Exemptions to CE

Licensees with professional insurance designations can apply for an Alternative Credit exemption form from the state.

What if a producer missed the renewal date?

Renewals that are submitted more than 30 days but less than a year after the scheduled expiration date will be considered late. These applications should expect late fees to accompany their renewal application. Those trying to renew their license over one year after the expiration date will need to start over and get re-licensed.

CE instructors get credit for teaching courses?

Yes, double the CE hours of the students taking the course

Ethics requirements

3

Flood-specific CE requirements

3 hours of NFIP course, one-time

LTC-specific CE requirements

8-hour initial certification, with 4 hours of LTC-specific training every two years

Annuity-specific CE requirements

One-time, 4-hour course

FAQs