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Frequently Asked Questions
Common questions regarding...
Q: I am a nonresident and wish to apply for a producer license in your state. How can I do this?
Q: What is involved with obtaining a Limited Lines Insurance Producers license? Q: What types of limited lines licenses are there? Q: Do I need to license my legally formed business entity, corporation, LLC, or is my individual license sufficient? N.J.A.C. 11:17-2.8 states that the New Jersey Department of Banking and Insurance (NJDOBI) must approve all business and trade names of applicants for a resident New Jersey insurance
producer license. It is strongly recommended that name approval by this Department is obtained prior to submitting an application for a resident New Jersey insurance producer license. Additionally, please be advised that recording of the name by the County Clerk or government entities does not guarantee acceptance by this Department. For this, as well as other reasons, all name requests should be approved by the Department of Banking and Insurance before the recording of the name by a County
Clerk or other government entity. Names that do not comply with N.J.A.C. 11:17-2.8 will not be approved.
Q: Are there any changes that affect surplus lines producer licenses? Q: What are the fees charged?
Q: What are the mandatory prelicensing education classroom hours for the various insurance producer lines of authority? (These hours include the instruction topics covered during the previously mandated 15 hours in insurance regulation. **)
Approved insurance education providers may offer a supplemental prelicensing education course to assist those license candidates who feel the need for more detailed instruction. This course may be of any duration but is not mandatory. All required instruction will be included in the mandatory course lasting 20 hours for the major lines identified above or 10 hours for Limited Lines - Bail Bonds.
Q: How much is the examination fee?
Q: Can the examinations be waived? Q: How do I obtain study material to aid in passing the examination if I have received a waiver of the education requirements? Q: How many continuing education credits will I need prior to the renewal of my license? Q: The continuing education course I completed did not meet my expectations. What can I do? Q: Currently, I have more than the required credits to renew my license. Can I carry them over to the next licensing cycle?
Q: I maintain a non-resident New Jersey producer license. Do I have to meet continuing education requirements? Q: Do continuing education requirements apply to attorneys? What if the attorney has authority only to transact Title lines of coverage? Q: Do I have any alternative to taking a traditional prelicensing or continuing education class? Q: I have an insurance designation that has its own continuing education requirement. Does the state have any other continuing education requirements for me? Q: Credits were not banked for a course I completed several months ago. Q: I am disabled and cannot sit in classes. Q: When do I have to send in a late fee for renewal? Which of the following is a requirement to obtain a nonresident producer license quizlet?at least 18 years old, complete a prelicensing course of study, submit an application, pass the license exam, pay the required fees, and not have committed any act that is grounds for denying, suspending, or revoking a license.
Which of the following is a requirement to attain a non resident producer license in Indiana?which of the following is a requirement to obtain a nonresident producer license on indiana? the producer's state of residence must have reciprocity with indiana.
What is required of a nonresident producer who moves to Connecticut from another state?If you are considering moving into Connecticut, but you do not hold an active Connecticut Producer license, you may apply for a nonresident Connecticut license ONLINE using the Electronic Application for Individual and Business Entity NONRESIDENT Producers. Under the Licensing Center, select “Apply for a New License.”
Which of the following individuals must be licensed as a producer?Background: People who wish to sell, solicit or negotiate insurance in the United States must be licensed as a "producer". The term producer includes insurance agents and insurance brokers.
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