For the last three years, PIANJ has worked with the Department of Banking and Insurance to add amendments to the state’s insurance regulation to allow insurance producers to carry over continuing-education credits into a new licensing period, and other changes that would allow insurance producers to be rewarded for their dedication to their education. The association’s hard work has paid off—these finalized amendments were published in the New Jersey Register on June 19, 2023. The regulation was effective immediately.
Under the finalized amendments to N.J.A.C. 11:17-3.6, insurance producers will be permitted:
- to carry over up to 12 CE credits into a new licensing period;
- to use one insurance-fraud credit hour toward professional ethics requirements; and
- earn twice the approved credit hours for the courses they teach.
PIANJ and representatives of the DOBI first met in 2020 to discuss whether to allow insurance producers to carry over a certain number of CE credits into a new licensing period. Since then, PIANJ worked closely with the DOBI to craft amendments that would reward producers aptly for their efforts to educate themselves. Three years later, PIANJ’s tireless efforts have come to fruition and these finalized amendments reflect that work.
Are you or one of your employees interested in earning more CE? Take a look at the PIANJ education schedule to register for classes that will bolster your credits.
Bradford J. Lachut, Esq.
Bradford J. Lachut, Esq., joined PIA as government affairs counsel for the Government & Industry Affairs Department in 2012 and then, after a four-month leave, he returned to the association in 2018 as director of government & industry affairs responsible for all legal, government relations and insurance industry liaison programs for the five state associations. Prior to PIA, Brad worked as an attorney for Steven J. Baum PC, in Amherst, and as an associate attorney for the law office of James Morris in Buffalo. He also spent time serving as senior manager of government affairs as the Buffalo Niagara Partnership, a chamber of commerce serving the Buffalo, N.Y., region, his hometown. He received his juris doctorate from Buffalo Law School and his Bachelor of Science degree in Government and Politics from Utica College, Utica, N.Y. Brad is an active Mason and Shriner.