PLNJmedium
Which of the following is an enumerated ground under N.J.S.A. 17:22A-40 for the Commissioner of DOBI to suspend or revoke a resident producer's license?
AFailing to meet an annual personal-auto sales target set by the producer's agency, which is an internal business metric rather than a statutory ground for discipline under the Producer Licensing Act
Improperly withholding, misappropriating, or converting moneys or property received in the course of insurance business
CDeclining to write surplus lines for a non-coastal client
DWriting fewer than 25 personal lines policies in a calendar year
Why this is the answer
N.J.S.A. 17:22A-40 lists statutory grounds for license discipline including providing false information on the application, violating insurance laws, intentional misrepresentation, license action in another state, fraudulent practices, felony convictions, and misappropriation of insurance funds. Sales volume and refusal to write specific risks are not statutory grounds. The enumerated list provides the complete universe of disciplinary triggers under the Producer Licensing Act.
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