Key Takeaways
- New Jersey requires 20 hours of pre-licensing education per line (40 hours for combined Life & Health)
- The exam is administered by PSI with a 70% passing score required
- Life exam has 83 scored questions; Health exam has 79 questions with 3.5-hour time limits
- License renewal requires 24 hours of CE every 2 years, including 3 hours of ethics
- The New Jersey Department of Banking and Insurance (DOBI) regulates insurance in the state
New Jersey Life & Health Exam Overview
Welcome to OpenExamPrep's FREE New Jersey Life & Health Insurance exam prep guide. This comprehensive resource covers New Jersey-specific regulations, licensing requirements, and state insurance laws you need to know to pass your exam and begin your career as a licensed Life & Health producer.
About the New Jersey L&H Exam
The New Jersey Life & Health insurance examination is administered by PSI on behalf of the New Jersey Department of Banking and Insurance (DOBI). The exam tests your knowledge of:
- New Jersey insurance law (Title 17B of NJ Statutes)
- Life insurance principles and policy types
- Annuities and retirement products
- Health insurance including accident and sickness coverage
- Policy provisions and beneficiary designations
- Ethics and professional conduct
Exam Structure
| Exam Component | Life | Health |
|---|---|---|
| Testing Provider | PSI | PSI |
| Total Questions | 83 scored | 79 scored |
| Time Limit | 3.5 hours | 3.5 hours |
| Passing Score | 70% | 70% |
| Exam Fee | $47 | $47 |
Note: New Jersey has one of the longer exam time limits at 3.5 hours per exam, giving candidates ample time to complete the test.
Pre-Licensing Education Requirements
Required Pre-License Education
New Jersey requires pre-licensing education before taking the state exam:
| License Type | Required Hours | Ethics Hours |
|---|---|---|
| Life Only | 20-24 hours | 3 hours |
| Accident & Health Only | 20 hours | 3 hours |
| Combined Life & Health | 40 hours | 6 hours total |
Important: An applicant who wishes to obtain a combined Life, Accident & Health license must complete 40 hours of pre-licensing education and will receive separate certificates of completion for each line of authority.
Certificate Requirements
| Requirement | Details |
|---|---|
| Validity | 2 years from date of completion |
| Provider | Must be DOBI-approved |
| Format | Online and classroom options available |
Additional Requirements
- Pre-licensing courses must include ethics coursework
- Must complete courses before scheduling exam
- Course completion reported to state electronically
Basic Qualifications
To obtain a New Jersey insurance license, you must:
| Requirement | Details |
|---|---|
| Age | At least 18 years old |
| Residency | New Jersey resident for resident license |
| Pre-License Education | Complete required hours |
| Fingerprinting | Required for all applicants |
| Exam | Pass the state licensing exam with 70%+ |
License Application Process
Step-by-Step Process
-
Complete Pre-Licensing Education
- Complete 20-40 hours from DOBI-approved provider
- Receive certificate of completion
- Valid for 2 years
-
Complete Fingerprinting
- Required for all New Jersey insurance license applicants
- Schedule through IdentoGO or approved provider
-
Schedule Your Exam
- Register with PSI online or by phone
- Pay $47 exam fee
- Choose testing center or remote proctored option
-
Take the Exam
- Arrive with valid government-issued photo ID
- Pass with 70% or higher
- Results available immediately
-
Apply for License
- Apply online through DOBI or NIPR
- Pay application fee
- Receive license from NJ DOBI
Total Costs
| Item | Cost |
|---|---|
| Pre-License Education | $150 - $400 |
| Exam Fee | $47 |
| Fingerprinting | ~$60-75 |
| License Application Fee | Varies |
| TOTAL | ~$300 - $600 |
License Maintenance & Continuing Education
CE Requirements
| Requirement | Details |
|---|---|
| Total Hours | 24 hours every 2 years |
| Ethics | 3 hours required (or 1 hour insurance fraud) |
| Renewal Date | Last day of birth month, biennially |
| Renewal Fee | $150 per line (+CE provider costs) |
CE Rules
| Rule | Details |
|---|---|
| Carryover | Up to 12 excess hours (effective June 2023) |
| Ethics Carryover | NOT allowed |
| Lines of Authority | Same 24-hour requirement regardless of how many lines held |
| Late Fee | $250 per line of authority |
Important: CE hours and renewal must be completed at least 30 days before license expiration to avoid late fees.
Special Training Requirements
| Training | Requirement |
|---|---|
| Annuity Training | One-time 4-hour course before selling annuities |
| Long-Term Care Initial | 8-hour course before selling LTC |
| Long-Term Care Ongoing | 4-hour course every compliance period |
| Flood Insurance | One-time 3-hour NFIP course |
CE Exemptions
Non-residents who have completed CE requirements in their home state are deemed compliant for New Jersey's CE requirement.
New Jersey Department of Banking and Insurance Contact
Contact Information
| Resource | Details |
|---|---|
| Website | www.nj.gov/dobi |
| Insurance Licensing | www.nj.gov/dobi/inslic.htm |
| Phone | (609) 292-7272 |
| Address | 20 West State Street<br/>P.O. Box 325<br/>Trenton, NJ 08625 |
Testing Information
PSI
- Website: www.psiexams.com
- Phone: (800) 733-9267
- Exam Fee: $47 per attempt
- Online scheduling available 24/7
- Remote proctored testing available
What This Guide Covers
This FREE study guide focuses on New Jersey state-specific content:
Chapter 1: New Jersey Insurance Regulation & Licensing
- NJ Department of Banking and Insurance structure
- Producer licensing requirements under Title 17B
- Pre-licensing education requirements
- Disciplinary actions and prohibited practices
Chapter 2: New Jersey Life Insurance Regulations
- Life insurance policy requirements
- Standard policy provisions
- New Jersey Life & Health Insurance Guaranty Association
- Replacement regulations
Chapter 3: New Jersey Health Insurance Regulations
- Health insurance requirements
- Individual Health Coverage Program (IHC)
- Small Employer Health Benefits Program (SEH)
- Long-term care insurance
Chapter 4: New Jersey Ethics & Consumer Protection
- Agent and producer duties
- Unfair trade practices
- Claims handling standards
- Consumer protection laws
national Life & Health exam preparationFree exam prep with practice questions & AI tutor
Study Tips for Success
Recommended Study Timeline
| Week | Focus | Hours |
|---|---|---|
| Week 1 | National L&H principles (if not completed) | 15-20 hours |
| Week 2 | Pre-license education course | 20-40 hours |
| Week 3 | NJ state law (this guide) | 10-15 hours |
| Week 4 | Practice exams and review | 10-15 hours |
| TOTAL | 55-90 hours |
Key New Jersey Facts to Remember
- Passing Score: 70%
- Pre-License Education: 20 hours (single line) or 40 hours (combined)
- Testing Provider: PSI
- Exam Fee: $47
- Fingerprinting: REQUIRED
- CE: 24 hours/2 years (including 3 ethics)
- CE Carryover: Up to 12 hours (since June 2023)
Good luck on your exam!
How many hours of pre-licensing education does New Jersey require for a combined Life & Health license?
What is the passing score for the New Jersey Life & Health insurance exam?
What is the time limit for the New Jersey Life insurance exam?
How many hours of continuing education does New Jersey require every 2 years?
How many excess CE hours can be carried over in New Jersey (as of June 2023)?