The Professional Insurance Agents of New Jersey Inc. recently updated its agency handbook to reflect the late-breaking changes to the New Jersey Surplus Lines Guaranty Fund. The changes limit the applicability of the fund to just two types of policies, and appropriate about half of the monies in the fund to close a state budget gap.
Other updates that are highlighted in the handbook include how to obtain a duplicate license; workers’ compensation policy cancellation and nonrenewals; an updated Department of Motor Vehicles code list; updated surplus lines eligible insurers and white lists; and new information on the workers’ compensation security fund.
The latest handbook is a member-exclusive benefit that can be accessed exclusively through PIANJ’s Web site at www.piaonline.org/NJ/.
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