17:46D-10 Licensure, training required for pet insurance producer.

216 words·~1 min read·/nj/title-17/chapter-46d/17-46d-10

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

8. a. An insurance producer shall not sell, solicit, or negotiate a pet insurance product until after the producer is appropriately licensed and has completed the required training pursuant to subsection c. of this section.

b. Insurers shall ensure that its producers are trained pursuant to subsection c. of this section and that its producers have been appropriately trained on the coverages and conditions of its pet insurance products.

c. The training required pursuant to this subsection shall include information on:

(1)preexisting conditions and waiting periods;

(2)the differences between pet insurance and noninsurance wellness programs;

(3)hereditary disorders, congenital anomalies or disorders, and chronic conditions and how pet insurance policies interact with those conditions or disorders; and

(4)rating, underwriting, renewal, and other related administrative topics.

d. The satisfaction of the training requirements of another state that are substantially similar to the provisions of subsection c. of this section shall be deemed to satisfy the training requirements in this State.

e. Notwithstanding the requirements contained in this section, an insurance producer shall only be licensed to sell pet insurance if the producer holds an active life, health, personal lines, or property and casualty line of authority and is in good standing at the time the producer submits an application for licensure.

L.2025, c.224, s.8.