Key Takeaways
- New Jersey P&C insurance licenses are valid for 2 years and must be renewed before expiration
- Renewal requires 24 hours of continuing education, including 3 hours of ethics
- Licenses not renewed within specified period require retaking the state exam
- Address and name changes must be reported to DOBI within 30 days
- DOBI can discipline licensees including suspension, revocation, or fines
Last updated: January 2026
License Maintenance and Continuing Education
New Jersey P&C insurance licenses require ongoing maintenance through continuing education and timely renewal.
License Terms and Renewal
| Item | Requirement |
|---|---|
| License Term | 2 years |
| Renewal Period | 90 days before expiration |
| Late Renewal | Penalties may apply |
| Expired License | May require re-examination |
Continuing Education Requirements
New Jersey requires 24 hours of continuing education (CE) every 2 years:
CE Requirements
| Requirement | Hours |
|---|---|
| Total CE Hours | 24 |
| Ethics (required) | 3 |
| Electives | 21 |
| CE Period | 2 years (matches license term) |
CE Course Requirements
- Must be completed at DOBI-approved providers
- Online and classroom options available
- Cannot repeat same course within 2-year period
- CE must be completed BEFORE license expiration
Special CE Topics
- Ethics: Required 3-hour course on insurance ethics
- Flood Insurance: Recommended for agents selling flood coverage
- New Jersey Laws: Updates on state-specific regulations
Reporting Requirements
New Jersey producers must notify DOBI of changes within 30 days:
- Change of business address
- Change of residence address
- Change of name
- Administrative actions by other states
- Criminal charges or convictions
Disciplinary Actions
DOBI can take disciplinary action against licensees for violations:
Types of Discipline
| Action | Description |
|---|---|
| Warning Letter | Minor first offense |
| Probation | License continues with conditions |
| Suspension | Temporary loss of license |
| Revocation | Permanent loss of license |
| Fine | Monetary penalty |
| Restitution | Payment to harmed parties |
Common P&C Violations
- Misrepresentation of policy terms or coverage
- Failure to disclose material information
- Charging rates not approved by DOBI
- Unfair claims practices
- Commingling of funds
- Failure to maintain CE requirements
- Operating without proper license
License Status Types
| Status | Meaning |
|---|---|
| Active | License current and in good standing |
| Inactive | Not actively practicing |
| Expired | License term ended, not renewed |
| Suspended | Temporary disciplinary action |
| Revoked | License permanently cancelled |
| Surrendered | Voluntarily gave up license |
Appointing Companies
P&C producers must be appointed by insurers to sell their products:
- Appointment Required: Before selling an insurer's products
- Appointment Filing: Insurer files with DOBI
- Termination Reporting: Insurers must report terminations to DOBI
- For Cause Terminations: May trigger DOBI investigation
Reciprocity
New Jersey participates in non-resident licensing reciprocity:
- Licensed producers from other states may apply for NJ non-resident license
- Must be in good standing in home state
- No additional exam required if home state has similar requirements
- Must complete NJ-specific CE if required
Test Your Knowledge
How many hours of continuing education does New Jersey require for P&C license renewal?
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Test Your Knowledge
Within how many days must a New Jersey producer report an address change to DOBI?
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