NJ Producer License

Continuing Education Requirement

(2 year) Effective January 1, 2007, the following changes are effective:

  1. Changes pre-licensing education mandated instructional requirements to a minimum of 20 hours per line of authority
  2. Allows self study and internet online courses for pre-licensing education
  3. Allows waiver of pre-licensing education only (not testing) for several additional insurance professional designations
  4. Requires 24 hours of continuing education biennially for resident producers, with three of those hours in ethics; For producers selling Flood coverage, requires 3 hours one-time only for flood training
  5. Requires that continuing education compliance be biennial and tied to the renewal date
  6. Adds car rental insurance and travel insurance as limited lines and defines these lines of authority using the uniform definitions adopted by the NAIC
  7. Changes the producer licensing term to a biennial period
  8. Effective with insurance producer licenses issued or renewed on or after January 1, 2007 the expiration dates for new and existing individual licensees will be biennial on the last day of the birth month of the producer, and for business entity licensees biennial on May 31. If the term of the license for new producers or those transitioning to the biennial license would be less than 18 months if renewed the second birth month (or May 31 for agencies) following issuance or renewal, the license will instead expire the following birth month (or May 31 for agencies)

Additional Information

 
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 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, PSI Continuing Education. 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 contact:

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

Continuing Education Partners

New Jersey is contracted with the company, PSI, 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 PSI Continuing Education for inquiries and information at:

3210 East Tropicana
Las Vegas, NV 89121

Phone: 800-526-6833
Websitehttp://psiexamonline.com