New Jersey Property & Casualty Insurance License Exam — All Questions
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2 questions
New Jersey Licensing & CE
After a producer is licensed in New Jersey, what must occur before they can transact business for a particular insurer?
- a.Nothing further once the license is issued
- b.The insurer must appoint the producer and file the appointment with the New Jersey Department of Banking and Insurance✓
- c.The producer must post a surety bond with the state treasurer
- d.The producer must relocate to the insurer's home state
A license lets a person act as a producer, but to represent a specific company the insurer must appoint the producer and file the appointment with DOBI. A producer may hold appointments from several insurers at once.
New Jersey Licensing & CE
Which statement best describes continuing education (CE) for resident P&C producers in New Jersey?
- a.No CE is ever required
- b.CE is required only in the first year and never again
- c.State-approved CE, including an ethics component, must be completed each renewal period to keep the license active✓
- d.CE can only be met by retaking the licensing exam
Following the NAIC model, New Jersey requires resident producers to complete approved continuing education each renewal cycle, including an ethics portion, and to pay the renewal fee. Exact hour totals are set by DOBI and should be confirmed before renewal.