New Jersey Insurance License Requirements

InsuranceLicenseExpress.com

Direct any questions about applications for licensure to:
New Jersey Dept. of Banking & Insurance
P.O. Box 327
Trenton, NJ. 08625-0327

For Normal Processing
Email: inslic@dobi.state.nj.us
Phone: 609-292-4337
Fax: 609-292-5263

The Department of Banking and Insurance authorizes independent insurance education providers to offer both classroom and self study prelicensing education courses. A listing of approved insurance education providers is maintained on the Department's website at www.njdobi.org.

Candidates who would like to transact insurance business as an insurance producer in New Jersey must pass the appropriate examination and apply for and be granted a license by the New Jersey Department of Banking and insurance.

New Jersey Candidate Handbook provides additional information regarding the examination procedures.

All individuals applying for a resident insurance producer license requesting authority to transact Life, Health, Property, Casualty, Personal Lines, Title and Limited Line Bail Bonds who do not qualify for a waiver of prelicensing education must complete a prelicensing education course offered by an approved insurance education provider. There are enacted regulatory reforms that will now permit insurance education providers to offer prelicensing education courses in a self study format.

Pre-License Education Requirements

Prelicensing education requirements have been established to ensure that license candidates have a minimum level of knowledge about the insurance marketplace and related New Jersey State laws and regulations.

Securities License Requirements

Any securities professional associated with a member firm-including partners, officers, directors, branch managers, department supervisors, and salespersons-must register with the Financial Industry Regulatory Authority (FINRA). The registration application requires information about the individual's prior employment and disciplinary history. FINRA prescribes two levels of qualification and registration:

• Registered representatives, generally sales personnel
• Principals, generally officers of the firm and other management personnel involved in the day-to-day operation of the firm's investment banking or securities business

As part of the registration process, securities professionals must pass examinations administered by FINRA to demonstrate competence in the areas in which they will work. These mandatory qualification examinations cover a broad range of subjects on the markets, as well as the securities industry and its regulatory structure, ensuring a minimum level of understanding and expertise. For additional information, you should consult with your broker-dealer management team. You may also visit FINRA's website for detailed information.