New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 17 - PRODUCER LICENSING
Subchapter 3 - PROFESSIONAL QUALIFICATIONS
Section 11:17-3.3 - Penalties for insurance education providers, insurance education directors and authorized personnel

Universal Citation: NJ Admin Code 11:17-3.3

Current through Register Vol. 56, No. 18, September 16, 2024

(a) An insurance education provider may be denied approval for failure to meet the requirements of this subchapter.

(b) Any denial of an application for approval of insurance education provider's program, or any proposal to revoke or suspend approval of insurance education provider's program, shall be in writing, and shall advise the applicant of his or her right to a hearing in accordance with the Administrative Procedure Act, 52:14B-1 et seq. and the Uniform Administrative Procedure Rules, N.J.A.C. 1:1. Nothing in this section shall prohibit the rejection and return of applications for correction of ministerial errors.

(c) The Commissioner may suspend, terminate or revoke the approval of an insurance education provider, director or authorized personnel for any of the following reasons:

1. The failure to maintain any requirement set forth in this subchapter;

2. The failure to advise the Department promptly of any change in information initially submitted in the application during the period of approval including, but not limited to, change of insurance education director, school address, place or time of scheduled classes and instructors;

3. Fraud or misrepresentation;

4. For continuing education programs only, the failure to report to the Department or the Department's contract vendor the students' continuing education credits;

5. Demonstrated incompetence or untrustworthiness of an insurance education provider, director or authorized personnel;

6. Violating any of the insurance laws of this State; or

7. Aiding or abetting any person in violating the insurance laws of this State.

(d) Any school whose approval has been suspended, terminated or revoked shall turn over its education certificates to the Department within 14 days.

(e) As an alternative to suspension, termination or revocation of approval, the Commissioner may place any provider, director or authorized personnel on probation with appropriate conditions or impose monetary penalties not to exceed $ 5,000 for the first violation and $ 10,000 for each succeeding violation.

(f) No insurance education provider, authorized personnel or director whose approval has been revoked may reapply for approval for a period of five years.

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