17:33B-18 Conditions of licensure.
30. a. A licensed insurance agent shall, as a condition of licensure:
(1) (Deleted by amendment, Phamplet Law 2007, Chapter 240).
(2) Not attempt to channel an eligible person away from an insurer or insurance coverage with the purpose or effect of avoiding an agent’s obligation to submit an application or an insurer’s obligation to accept an eligible person; and
(3) Upon request, submit an application of the eligible person for automobile insurance to the insurer selected by the eligible person.
If a UEZ agent has a contract with a qualified insurer pursuant to the provisions of section 22 of Phamplet Law 1997, Chapter 151 (C. 17:33C-4) and the UEZ agent is unable to place an otherwise eligible person with that qualified insurer because of the limitation on the number of exposures imposed by that qualified insurer on the UEZ agent, the UEZ agent shall be deemed to have met the requirements of this subsection, provided that the limitation on the number of exposures has been reached and the UEZ agent fulfills all applicable regulatory requirementS.
b. With respect to automobile insurance, an insurer shall not penalize an agent by paying less than normal commissions or normal compensation or salary because of the expected or actual experience produced by the agent’s automobile insurance business or because of the geographic location of automobile insurance business written by the agent.
L.1990,C. 8,S.30; amended 1997, C. 151, S.25; 2007, C. 240, S.2.
Original Text maintained by the State of New Jersey:
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