New Jersey Surplus Lines Insurance Course

To be licensed in Surplus Lines, a Property and Casualty license is required. The applicant must also pass a Surplus Lines licensing exam. While there is no mandatory formal education requirement prior to taking the exam, our classes will help to prepare you for the exam and each class is also approved for 3 continuing education credits*. If you intend to take the Surplus Line licensing exam we recommend that you take both of the classes listed below. If you are interested only in continuing education credit, take either one or both.
Use these classes to prepare for your Surplus Lines licensing test or for CE credit* . . or both

Admitted carriers are insurance carriers that meet the financial responsibility requirements of the state and that use rates and forms approved by the state. These companies meet the statutory requirements of the state including capital, assets, reserves and surplus. A non-admitted carrier does not necessarily meet these financial requirements or use approved rates and forms.

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When the voluntary market, which is the market provided by the admitted carriers licensed in the state, is unable or unwilling to provide needed coverage to consumers, the surplus lines, non-admitted market provides a mechanism for the needed coverage. The need for the surplus lines market arises out of the inability of the regular market to provide coverages, for a variety of reasons.

Course Content Includes:


General insurance definitions
Surplus lines markets
Policies, coverages, forms
Surplus lines licensing
Surplus lines law
Surplus lines guaranty fund

Schedule

Surplus Lines Insurance April 18, 2015 9:00 AM - 12:00 Noon $59 Enroll
Surplus Lines Statutory Law and Administrative Code April 18, 2015 12:30 - 3:30 PM $59 Enroll
Surplus Lines Insurance 9:00 AM - 12:00 Noon $59 Enroll
Surplus Lines Statutory Law and Administrative Code 12:30 - 3:30 PM $59 Enroll

*It is your responsibility to determine how many continuing education credits you need and which courses will satisfy your continuing education requirement. To review a course transcript of courses you have already taken Click Here.