Insurance producers licensed to operate in New Jersey must now report any disciplinary action against them, even those by non-governmental regulators, within 30 days of the final outcome or face up to $100,000 in fines for failure to do so.
New Jersey Gov. Jon Corzine is expected to name a replacement for Steven M. Goldman, either as an interim leader or as his successor, by July 15, the date Goldman … Read →
Steven M. Goldman, New Jersey’s commissioner of banking and insurance, announced he will leave the post July 15 to take a job at a law firm in New York.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.