The Professional Insurance Agents of New Jersey Inc. announced that, “in response to the New Jersey Department of Banking and Insurance’s new rules and procedures for the procurement of insurance from surplus lines insurers and from ineligible unauthorized insurers,” it has updated its Agency Handbook.
“The handbook also outlines the new standards for filing forms that modify coverage from what is typically provided on forms approved in the authorized market,” the bulletin indicated. PIANJ President David Madara noted that the “PIANJ is continuously monitoring insurance regulations for amendments and new procedures that affect the independent insurance agent. The Agency Handbook Section 8, which discusses surplus lines, has been completely updated to reflect the new amendments and to improve on the usefulness of the handbook’s content.”
The announcement noted that the PIANJ Agency Handbook is “a member-exclusive benefit and can be accessed at: www.piaonline.org/NJ/HandBook/IndexHB.shtml.” It also indicated the information could be obtained by accessing its “password-protected member benefit by typing RC10005 into the Quick-Link box on PIANJ’s Web site.”
To register for site, visit www.piaonline.org/register-m.shtml and complete the short online form.
Topics Excess Surplus
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