Surplus Lines: New Jersey
New Jersey | Mar. 22, 2017

Licensing Requirements: Surplus lines brokers are required to be licensed under New Jersey law. N.J. Stat. Ann. §§ 17:22A-38, 17:22A-34. To receive surplus lines authority, an applicant must hold property and

Producers’ Fiduciary Responsibilities: New Jersey
New Jersey | Mar. 22, 2017

Does the state impose a fiduciary obligation on producers with respect to the handling of client funds (e.g. funds, monies, premiums and return premiums)? Yes. All premium funds shall be held

Producers’ Fees and Commissions: New Jersey
New Jersey | Mar. 21, 2017

May producers both charge a fee and collect a commission in connection with transactions and services provided to a particular client? Insurance producers may charge a fee for services rendered

Data Breach: New Jersey
New Jersey | Mar. 21, 2017

What entities are covered? “Any business that conducts business in New Jersey, or any public entity that compiles or maintains computerized records that include personal information.” § 56:8-163(a). Is there