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A New Jersey resident wants to be paid to negotiate a homeowners claim on behalf of an insured against the insured's own carrier. Which license is required under N.J.S.A. 17:22B?
AA standard property and casualty producer license is sufficient on its own, and no separate public adjuster license is required under New Jersey law
BA surplus lines broker license
A Public Adjuster license issued by DOBI under the Public Adjusters' Licensing Act, N.J.S.A. 17:22B
DA title insurance producer license
Why this is the answer
The New Jersey Public Adjusters' Licensing Act, N.J.S.A. 17:22B, requires anyone who, for compensation, acts on behalf of an insured to negotiate or settle a first-party property claim to hold a public adjuster license issued by DOBI. The standard producer license does not authorize public adjusting. NJ public adjusters are subject to written contract requirements, a 3-business-day cooling-off period, fee caps, and segregated trust account rules.
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