N.J. Admin. Code § 11:3-46.8

Current through Register Vol. 56, No. 23, December 2, 2024

Section 11:3-46.8 - Review of applications

(a) In determining whether a producer has demonstrated competency, efficiency and effectiveness in the solicitation, negotiation and effectuation of insurance, the PAIP's review shall include, but need not be limited to, the following:

1. Any records concerning the termination of the producer's affiliation with any voluntary market insurer(s) to determine whether the reason for termination adversely reflects on the producer's competency, efficiency and effectiveness in servicing insurance business or otherwise indicates that the producer should not be qualified due to unworthiness, bad faith, lack of integrity, financial irresponsibility, dishonesty or other criteria deemed relevant by the Commissioner;

2. Any records relating to the appointment of the producer to act as a PAIP or CAIP producer, his or her performance as a PAIP or CAIP producer, and any corrective or disciplinary action taken by the PAIP or CAIP with respect to the producer;

3. Any administrative action instituted by the Department (that is, issuance of an Order to Show Cause, issuance of an order pursuant to N.J.S.A. 17:22A-20d etc.) with respect to the producer that has resulted in the imposition of fines or suspensions or revocation of license privileges, including the imposition of such sanctions based on a consent order; and

4. Upon disclosure on the application or any other document reviewed by the PAIP of such administrative actions, any records relating to administrative actions instituted by any licensing authority of this or any other state or the Federal government with respect to the producer that has resulted in the imposition of fines, or suspension or revocation of license privileges.

N.J. Admin. Code § 11:3-46.8