Publication Date
2025-09-25
effective date
2025-11-14
jurisdiction
New Jersey New Business License Classes

Effective November 14, 2025, New Jersey will be adding two new license classes for electronic processing

  • Pharmacy Benefits Manager, License and Renewal fee - $10,000
  • Pharmacy Services Administrative Organization, License and Renewal fee - $5,000

These new license classes are for business licenses only and will display on the Producer Database.

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.
categories
Licensing

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