How often must surplus lines brokers renew their licenses in New Jersey?

Surplus lines brokers in New Jersey are required to renew their licenses every two years. This biennial renewal process is mandated to ensure that brokers remain knowledgeable about the evolving insurance laws and regulations, industry practices, and any relevant changes in the surplus lines market. Regular renewal also helps maintain a standard of competency and accountability among brokers, ultimately serving to protect consumers by ensuring they are dealing with qualified professionals. Such practices are common in the insurance industry to keep agents and brokers up to date with necessary education and compliance requirements.