By State:
New Jersey



New Jersey Law Changes Effective 1/1/07.
 

 

 
License Type Continuing Education Requirement
CREDIT HOURS:  
 Producer License:

Producer license term is changed to a biennial period.

48 Credit Hours every two years inclusive of 3 hours of ethics.

Licensees who sell flood insurance must also have a one time, 3 hour flood course to comply with Section 207 of the Federal Flood Insurance Reform Act of 2004.

New licensees will receive meet their flood requirement through their pre-licensing for property authority.

This requirement for individual producers will become effective upon their renewal or for new licenses, issued on or after 1/1/2007.

Licenses that have not yet expired, will continue to obtain 48 credits within the scope of the old requirements.

License expiration dates for new and existing individual licenses to be the last day of the producer’s birth month for individual licenses and for business entities use of a May 31st expiration date every second year;

Producers licensed as of 11/4/02 must complete 24 of the 48 credit hours in authorities for which the producer is licensed, inclusive of 6 credits in approved courses relating to fraud and/or ethics.

24 Credits can be obtained in any authority

 Compliance:
90 days prior to license renewal - Licenses renew based on the producer’s license issue date.
 Training Methods: Classroom, Self Study, and interactive on-line courses
 Course Subject Requirements:
24 credit hours inclusive of 3 hours of ethics.

3 credit hours – one time only for flood training, if licensee sells flood insurance.

 Course Subject Repetition:
Courses can only be taken once for credit per license period
 Credit Carry Over:
No carry over of credits permitted
 Method of Certification:
The course provider must issue the certificate of completion to the producer. The course provider reports the credits to the CE Administrator, currently, Pearson VUE. The CE Administrator processes the CE credits and reports them to the Department of Insurance.

The CE Administrator will send the producer within 90 days of the license expiration, a copy of the CE courses taken and recorded during the compliance period. Producers must keep original certificates of course completion for 6 years.

 Exemptions Non-Residents

 
  For questions or inquiries:  
 
     
 Address : Department of Banking and Insurance Licensing and Insurance Education
New Jersey Department of Insurance
20 West State Street, 10 Th Floor
P.O. Box 329
Trenton, NJ 08625-0329
Licensing Telephone : 609-292-4337
Licensing Fax : 609-984-5263
Education Telephone : 609-633-0818
Education Fax : 609-984-2792
Email : inslic@dobi.state.nj.us
     
     
Insurance Partners

New Jersey is contracted with the company, Pearson VUE, to act as the pre-licensing examination and continuing education reporting vendor. The contract requires the vendor to mail each producer a free continuing education report each year in January and again three month prior to the scheduled license expiration.

You may contact Pearson VUE for inquiries and information at:

Phone
Website
:
:
800-274-3132
http://www.pearsonvue.com/
 

 

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