Best Interest Standards and Requirements One Hour Update | New Jersey

Best Interest and Standards One Hour Update

The course clarifies that all recommendations by insurance agents and insurance companies must be in the best interest of the consumer and that agents and companies may not place their financial interest before the consumer’s interest. The course describes how agents and companies are required to act with reasonable diligence, care, and skill in making recommendations to consumers. Also incorporated is a “best interest” standard mandating agents and companies satisfy requirements outlined in a care obligation, disclosure obligation, conflict-of-interest obligation, and documentation obligation.