Current through Register Vol. 56, No. 18, September 16, 2024
(a)
Persons and entities that establish programs that include teaching or offering
insurance courses to satisfy professional qualification requirements for
prelicensing or continuing education for producers or continuing education for
public adjusters shall, prior to conducting such courses, be approved by the
Department in accordance with this section.
(b) An application for approval of an
insurance education provider shall be made on a form prescribed by the
Commissioner and shall provide the following information:
1. The name of the insurance education
provider and the address of the permanent program office;
2. The name and address of the sponsoring
organization, if any;
3. The name,
address, email address, and telephone number of the program director or
directors, New Jersey producer license reference number(s), if any, and a
signed statement from each insurance education director that he or she has read
this subchapter, understands his or her responsibilities as an insurance
education director, and that he or she is fully responsible for the activity of
the insurance education program;
4.
The names, addresses and telephone numbers of any authorized
personnel;
5. Whether the insurance
education provider will teach or offer producer prelicensing education courses,
producer continuing education courses, public adjuster continuing education
courses, or any combination of the three;
6. The address of any permanent classroom or
classrooms to be used by the provider; and
7. Any other information that may be required
by the Department to determine whether the provider and the insurance education
program meets the requirements for approval.
(c) Insurance education providers seeking
approval to teach courses of prelicensing education shall also provide:
1. The names of all instructors employed by
the insurance education provider to teach prelicensing education courses and
certify that the producers have completed the prelicensing program together
with documentation confirming that each is qualified in accordance with
11:17-3.2(a)3;
2. The names of the courses, by license
authority, which will be taught by the insurance education provider, if
approved;
3. A copy of the
enrollment application for the insurance education provider, the student
contract, and any other agreement between the insurance education provider and
student;
4. Copies of the course
curriculum and a detailed description of the methods that the provider will use
to document that the student has satisfactorily completed the course content
for each line of authority for which prelicensing education shall be offered;
and
5. An acknowledgement that the
education provider agrees to provide the following upon the request of any
student enrolled in prelicensing education courses: the course curriculum in
Spanish that the Department has made available to the prelicensure education
provider pursuant to
17:22A-31.f.
(d) Each application for approval of an
insurance education provider's program shall be certified as correct by the
insurance education director or directors named in the application, and shall
be accompanied by a fee of $ 300.00. The application shall be submitted to the
Department at least 90 days prior to the anticipated opening of the
program.
(e) Applications for
program approval shall be reviewed to determine compliance with the
requirements prescribed in this subchapter. An applicant shall supply such
additional information or documentation as may be required by the Department to
determine whether such requirements are met.
1. An inspection of the provider's office and
any permanent classroom facility may be conducted prior to approval or the
approval may be granted conditioned upon the results of an
inspection.
2. Upon approval of an
application, the Department shall issue a certificate of approval which shall
contain:
i. The name and approval code number
of the insurance education provider;
ii. An indication as to whether the insurance
education provider is approved for producer prelicensing education, producer
continuing education, public adjuster continuing education, or any combination
of the three; and
iii. The
effective date and expiration date of the approval.
3. An insurance education provider approval
shall expire in the fourth year on the last day of the licensing quarter in
which it was effective;
4. At least
10 days prior to the renewal date, the provider's insurance education director
shall submit a properly completed renewal application; and, if offering
prelicensing education, copies of the course curriculum and a detailed
description of the methods that the provider will use to document that the
student has satisfactorily completed the course content for each line of
authority for which pre-licensing education is offered; and the $ 300.00
renewal fee. Applications for renewal shall be reviewed by the Department in
accordance with the procedures established in this section for new insurance
education provider approval. Failure to submit the renewal application for
receipt by the date of expiration shall be deemed to establish that the
insurance education provider approval has expired, and the provider is not
thereafter authorized to teach or offer insurance courses to satisfy
professional qualification requirements for prelicensing or continuing
education for producers or for continuing education for public
adjusters.
