Do you have a New Jersey insurance license? If so, you’ve already put a lot of effort into obtaining that license–but you might still have questions about New Jersey insurance license renewal. If not, you might be wondering how to get an insurance license for the first time. Whether or not you already hold a New Jersey insurance license, you’ll need to understand how the renewal process works in order to avoid late fees and penalties.
The procedure for obtaining and renewing an insurance license varies from state to state. Even if you’ve already been licensed in another state, you may still need information about how to get an insurance license in New Jersey and keep that license active.
When it comes to insurance license renewal, it’s always wise to know what’s required before the last minute. Keep reading to learn more about New Jersey insurance license renewal, how to get an insurance license in New Jersey, and more.
I need an insurance license in New Jersey. How do I obtain it?
Wondering how to get an insurance license in New Jersey? Obtaining a license requires a few key steps. These include:
- Finish your insurance pre-licensing course requirements
- Complete a license exam over pre-licensing course material
- Apply for your New Jersey insurance license
Let’s take a look at each of these steps for obtaining your insurance license in a little more detail.
Completing pre-licensing coursework for your New Jersey insurance license
You can complete your pre-licensing coursework either online or in person. General pre-licensing coursework requirements include:
- 40 credit hours for combined Life and Health insurance
- 40 credit hours for combined Property and Casualty insurance
- 20 credit hours for personal Property and Casualty lines insurance
- 20 credit hours for Title insurance
- 10 credit hours for limited insurance lines and bail bonds
Make sure to study and adequately prepare for your exam to avoid any hassles or delays.
Pass your New Jersey insurance license exam
On the day of your exam, be sure to bring any required ID, as well as proof that you have completed your pre-education requirements. You will need a passing score on the exam to obtain your insurance license.
Apply for your insurance license
After you’ve completed your pre-education insurance license requirements and passed your exam, you’re ready to obtain your insurance license. You can get started with this process at NIPR.com. The fees associated with this process will vary according to the type of insurance involved.
You can submit a New Jersey insurance license application without having passed your exam. However, your application will not be approved by the state of New Jersey unless you have passed an exam.
I already have a New Jersey insurance license. How can I keep it active?
Keeping your insurance license active is the best way to avoid late fees and penalties. You must complete all the steps for insurance license renewal before the date when your license expires. Your insurance license will expire on the last day of your birth month, every two years. If you’re unsure about when your current license will expire, you can look up your expiration date here.
What are the steps required for New Jersey insurance license renewal?
There are a couple of steps you’ll need to take to renew your insurance license. These include:
- Complete your required continuing education courses
- Renew your New Jersey insurance license
Do you have detailed questions about license renewal or continuing education? BetterCE’s licensing support professionals can help. To help you avoid any delay in your New Jersey insurance license renewal, BetterCE reports your course completion on the same day it occurs.
You should renew your insurance license during your License Renewal Period. This period starts 90 days before your insurance license is scheduled to expire. You can choose to renew your license:
How much does New Jersey insurance license renewal cost?
You’ll need to pay a $150 fee for New Jersey insurance license renewal. You’ll also need to pay a small processing fee. The fee for an online application is $5, while the fee for a mail-in application is $20.
What happens if my insurance license expires? Will I have to pay additional fines and penalties?
If you do not complete the renewal requirements within 30 days from your insurance license expiration date, your license will expire. If your New Jersey insurance license expires, you will have up to a year to complete your continuing education requirements and reinstate your license. You will need to pay a late fee of $100, in addition to the normal renewal fees.
If you do not complete the requirements for reinstatement within a year, your license will be canceled. You will have to start the process of obtaining an insurance license as a new applicant.
How to avoid late fees and penalties: complete your continuing education requirements on time
Your continuing education requirements are essential for your professional development. Also, if you don’t complete your continuing education requirements on time, your license will expire. You won’t be able to do insurance business, and you’ll end up paying additional reinstatement fees.
BetterCE is the best way for you to meet your New Jersey insurance license CE requirements. We offer a full line of New Jersey continuing education courses, including our popular Multi-Line 24-Credit Package. This means you can get everything you need from one source, affordably and conveniently. You can contact our Customer Care team at 1-888-501-7330 with any questions about our course offerings.
What are the general CE requirements to renew my New Jersey insurance license?
To keep your New Jersey insurance license active, complete the following CE requirements:
- 24 credit hours of approved CE, every 2 years before your license expiration date
- At least 3 of the 24 hours must be in Ethics
Note any special guidelines for specific lines, such as Flood Training for Property and Casualty agents, and Annuity and Long Term Care Training for Life and Health agents who sell those lines.
I need to complete my required continuing education to renew my insurance license. What provider should I choose?
Choosing the wrong CE provider can cost you extra money, time, and energy. BetterCE is different from the rest. We take compliance seriously, and we offer same-day completion reporting. Our course catalog offers everything you need, in convenient online formats. And if you have questions about New Jersey insurance license renewal, our agents are ready to answer them.
Ready to meet your New Jersey insurance license renewal requirements with BetterCE?
With BetterCE, you get to choose the online format that works best for you. Benefits of our webinars include no required reading, quizzes, or final exams. If you choose our text-based options, you’ll enjoy maximum flexibility.
Want to speak with our licensing support professionals. Call our Customer Care team today at 1-888-501-7330, or complete our Contact Form online. Keeping your insurance license active doesn’t have to be expensive or confusing when you choose BetterCE!