New Jersey Insurance Prelicensing Requirements

NEW JERSEY INSURANCE PRELICENSING INFORMATION

New Jersey requires potential agents take and complete a state approved prelicensing course before taking their licensing exam.

HOW DO I COMPLETE MY EXAMFX PRELICENSING EDUCATION COURSE?

To earn your certificate of completion, you must:

  • Complete all Study by Topic reading chapters and Study by Topic quizzes. Study by Topic quizzes must be passed with a score of 70% or better and must be taken in order.
  • Complete and pass the simulated exam with a score of 70% or better.

DON'T FORGET YOUR GUARANTEE EXAM!

ExamFX is so confident in the quality of its material that we offer our customers a first-time pass guarantee. If you don’t pass the first time around, we will refund your money. To qualify for this offer, you must pass our Guarantee Exam with a score of 80% to determine maximum exam readiness. While completing this portion of your online course is not required, we highly recommend taking this extra step.

HOW DO I GET MY LICENSE?

Step 1: Complete a prelicensing course that has been approved by the Department of Insurance. Once you have completed your course, ExamFX will issue a certificate of completion which you may download and print from your online ExamFX account.

Step 2: Schedule your exam with your state’s testing provider, the PSI Exams. Registration can be completed most efficiently by signing up online at www.psiexams.com. You may also schedule over the phone at (800) 733-9267. The fee is $45.

To cancel your exam, you must contact PSI Exams at least two days in advance or forfeit your registration fee.

Step 3: Take and pass you state licensing exam. On the day of your appointment you must bring with you two valid forms of government issued identification (driver’s license, passport, military I.D., etc.) one of which must contain your name and photograph. You must also bring with you your certificate of completion. You will not be able to take your exam if these requirements are not met.

Once you have completed your examination you will be made aware of your results. If you pass, you will immediately receive a successful notification and a score report. If you fail, you will receive a diagnostic report indicating your strengths or weaknesses by examination type with the score report.

Your score will automatically be reported to NIPR and the Department of Insurance.

Step 4: New Jersey law requires all individual applicants for an insurance license to submit fingerprints and written consent for a criminal history check. The Department recommends scheduling your fingerprinting scan immediately after passing the licensing exam.

Schedule your appointment online with IdentoGo or by phone at 1-877-503-5981. A total cost of $62.66 must be paid at the time of registration.

Upon your appointment, you must present the appropriate and completed Universal Form and proper identification. Proper identification must be issued by a Federal, State, County, or Municipal entity and include your photo, name, address, and date of birth. The Universal Form may be accessed on the Department of Insurance’s website.

Step 5: Apply for your license. New Jersey resident applicants must use the online application service at www.nipr.com. Additional licensing application guidance may be accessed on the NIPR website.

Step 6: Maintain your license by being aware of your continuing education requirements. Most insurance licenses must be maintained by completing a certain number of credit hours of continuing education each licensing period. ExamFX offers continuing education courses that will help you comply with your state’s requirements. Click here to view your state’s education rules and stay on top of your license.

WHAT WILL MY EXAM BE LIKE?

Your exam experience is dependent on the line of authority you are testing for. Carefully review the below examination breakdowns to learn important factors like:

 

  1. the number of questions on your exam
  2. the time limit
  3. the subjects that you will be tested on
  4. the score that you must achieve to pass the exam

 

New Jersey Life Insurance Examination
83 questions
Time limit: 3.5 hours
Passing score: 70%

CHAPTERPERCENTAGE OF EXAM
Completing the Application, Underwriting, and Delivering the Policy14%
Types of Policies11%
Policy Riders, Provisions, Options, and Exclusions 25%
10%
New Jersey Laws, Rules, and Regulations Common to All Lines 30%
New Jersey Laws, Rules, and Regulations Pertinent to Life Insurance Only10%

New Jersey Accident and Health Examination
88 questions
Time limit: 3.5 hours
Passing score: 70%

CHAPTERPERCENTAGE OF EXAM
Field Underwriting Procedures 10%
Types of Policies 16%
Types of Health Policies 18%
Policy Provisions, Clauses, and Riders22%
Social Insurance3%
Other Insurance Concepts5%
New Jersey Laws, Rules, and Regulations Common to All Lines29%
New Jersey Laws, Rules, and Regulations Pertinent to A&H 15%

New Jersey Property Producer Examination
79 questions
Time limit: 3.5 hours
Passing Score: 70%

CHAPTERPERCENTAGE OF EXAM
Insurance Terms and Related Concepts17%
Policy Provisions and Contract Law14%
Types of Policies32%
New Jersey Laws, Rules, and Regulations Common to All Lines32%
New Jersey Laws, Rules, and Regulations Pertinent to Property Only5%

New Jersey Casualty Insurance Examination
91 Questions
Time limit: 3.5 hours
Passing Score: 70%

CHAPTERPERCENTAGE OF EXAM
Insurance Terms and Related Concepts17%
Policy Provisions13%
Types of Policies, Bonds, and Related Terms 25%
New Jersey Laws, Rules, and Regulations Common to All Lines 27%
New Jersey Laws, Rules, and Regulations Pertinent to Casualty Only18%

New Jersey Personal Lines Examination
112 questions
Time limit: 3.5 hours
Passing Score: 70%

CHAPTERPERCENTAGE OF EXAM
Property and Casualty Insurance Terms and Related Concepts25%
Property and Casualty Policy Provisions and Contract Law21%
Types of Property Policies9%
Types of Casualty Policies 12%
New Jersey Laws, Rules, and Regulations Common to All Lines22%
New Jersey Laws, Rules, and Regulations Pertinent to Property Only4%
New Jersey Laws, Rules, and Regulations Pertinent to Casualty Only7%

I FAILED MY EXAM. NOW WHAT?

We are sorry to hear that you have failed your first attempt at passing your state’s licensing exam. These licensing exams are difficult and some candidates must try again to reach their goal. We want to help you get there, so we recommend that you:

Step 1: Be aware of retake limitations and rules. In New Jersey, you may not register within 24 hours of failing an exam.

Step 2: Reschedule your exam after the 24 hour waiting period. You must reregister by following the initial registrations and scheduling steps.

Step 3: ExamFX’s subject matter experts are available by email at instructor.support@examfx.com to help you pass your licensing exam on your next attempt. Many testing providers will supply you with a score report or performance summary after your testing appointment. Use this report to let the ExamFX subject matter experts know what areas of the exam that you are struggling the most with.

Step 4: Study your materials. ExamFX materials are created by analyzing the exact testing outline supplied by your testing provider or Department of Insurance. This means that all the information that you need to pass your exam is within your course. Be confident that with more studying, you can pass your licensing exam and achieve your goals!

MORE QUESTIONS?

ExamFX recommends that you contact your Department of Insurance or testing center directly.

For licensing questions:
License Processing
(609) 292-4337
inslic@dobi.state.nj.us

For licensing exams: :
PSI Services LLC
3210 E Tropicana
Las Vegas, NV 89121
(800) 733-9267 – Fax (702) 932-2666
www.psiexams.com

The information displayed above is for informational purposes only. ExamFX is not responsible for the accuracy of the information on this page. All steps have been taken to make sure that the information relayed on this page is accurate; however, information is subject to change without notice. It is the responsibility of the producer to be compliant per their states requirements.