Key Takeaways
- New Jersey requires 40 hours of pre-licensing education including 3 hours of ethics
- Property and Casualty are TWO SEPARATE exams (79 questions Property, 91 questions Casualty)
- Exam administered by PSI with 70% passing score; pre-license certificate valid 12 months
- Fingerprinting required through IdentoGO using service code 2F16Y3
- New Jersey uses a verbal threshold (lawsuit limitation) auto insurance system
New Jersey Property & Casualty Exam Overview
Welcome to OpenExamPrep's FREE New Jersey Property & Casualty 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 in 2026.
About the New Jersey P&C Exams
The New Jersey Property & Casualty insurance examinations are administered by PSI Services on behalf of the New Jersey Department of Banking and Insurance (DOBI). New Jersey is the 11th-largest state with a dense, high-premium insurance market.
Two Separate Exams Required
New Jersey requires two separate exams for full P&C licensure:
| Exam | Questions | Time |
|---|---|---|
| Property Producer | 79 questions | Part of 210 min |
| Casualty Producer | 91 questions | Part of 210 min |
| TOTAL | 170 questions | 210 minutes |
Exam Structure
| Exam Component | Details |
|---|---|
| Testing Provider | PSI Services |
| Regulatory Authority | NJ DOBI |
| Passing Score | 70% |
| Combined Time | 210 minutes (3.5 hours) |
| Exam Fee | $38 each |
| Test Delivery | In-person or remote |
| Results | Immediate |
Pre-Licensing Education Requirements
| Requirement | Details |
|---|---|
| Total Hours | 40 hours |
| Ethics | 3 hours (included) |
| Certificate Validity | 12 months |
| Provider | DOBI-approved |
Course Content
The 40-hour course covers:
- Property insurance principles
- Casualty insurance principles
- New Jersey insurance laws
- Ethics (3 hours required)
Step-by-Step Licensing Process
Step 1: Complete Pre-Licensing Education
Complete 40 hours of DOBI-approved education:
- Includes 3 hours of ethics
- Certificate valid for 12 months
- Bring original certificate to exam
Step 2: Register for Both Exams
Register with PSI Services:
- Visit psiexams.com
- Schedule Property exam (79 questions)
- Schedule Casualty exam (91 questions)
- Pay $38 per exam ($76 total)
- Can take on same day or separately
Step 3: Pass Both Exams
On exam day:
- Bring valid photo ID
- Bring original education certificate
- 70% required on each exam
- Receive immediate results
Step 4: Complete Fingerprinting
Schedule through IdentoGO:
| Step | Details |
|---|---|
| Provider | IdentoGO |
| Service Code | 2F16Y3 |
| Cost | $66.05 |
| Purpose | Criminal history check |
Step 5: Apply for License
Apply through NIPR:
- Application fee: $190
- Submit all documentation
- Within 12 months of passing
Step 6: Receive License
- DOBI reviews application
- Background check processed
- License valid for 2 years
Total Costs Summary
| Item | Cost |
|---|---|
| Pre-License Education (40 hrs) | $150-350 |
| Property Exam (PSI) | $38 |
| Casualty Exam (PSI) | $38 |
| Fingerprinting (IdentoGO) | $66.05 |
| License Application | $190 |
| TOTAL | ~$482-682 |
New Jersey Auto Insurance
New Jersey uses a verbal threshold system:
Coverage Options
| Option | Description |
|---|---|
| Basic Policy | Minimum coverage, limited lawsuit rights |
| Standard Policy | Full coverage options |
Minimum Requirements (Basic Policy)
| Coverage | Minimum |
|---|---|
| Personal Injury Protection (PIP) | $15,000 |
| Property Damage Liability | $5,000 |
| Bodily Injury | Not required in Basic |
Standard Policy Minimums
| Coverage | Minimum |
|---|---|
| Bodily Injury | 15/30 |
| Property Damage | $5,000 |
| PIP | $15,000 |
| Uninsured Motorist | 15/30 |
Verbal Threshold
New Jersey policyholders can choose:
- Limitation on Lawsuit Option: Lower premiums, restricted lawsuit rights
- No Limitation on Lawsuit Option: Higher premiums, full lawsuit rights
New Jersey FAIR Plan
The New Jersey FAIR Plan (Fair Access to Insurance Requirements):
| Feature | Details |
|---|---|
| Purpose | Insurer of last resort |
| Coverage | Basic property coverage |
| Eligibility | Properties rejected by private market |
License Renewal
| Requirement | Details |
|---|---|
| Renewal Period | Last day of birth month every 2 years |
| CE Hours | 24 hours |
| Ethics Hours | 3 hours (included) |
Contact Information
| Resource | Details |
|---|---|
| NJ DOBI | state.nj.us/dobi |
| Phone | (609) 292-7272 |
| inslic@dobi.state.nj.us | |
| Address | 20 W State St, PO Box 327, Trenton, NJ 08625 |
| PSI Exams | psiexams.com |
| IdentoGO Code | 2F16Y3 |
What This Guide Covers
Chapter 1: New Jersey Insurance Regulation
- DOBI structure and authority
- New Jersey Insurance Code
- Licensing requirements
- Producer responsibilities
Chapter 2: New Jersey Property Insurance
- Homeowners requirements
- New Jersey FAIR Plan
- Coastal coverage (RREM)
- State-specific provisions
Chapter 3: New Jersey Casualty Insurance
- Verbal threshold system
- Basic vs. Standard policies
- PIP requirements
- Workers' compensation
Chapter 4: Ethics & Consumer Protection
- Unfair trade practices
- Claims handling
- New Jersey Property-Liability Insurance Guaranty Association
- Producer conduct
Key Numbers to Memorize
| Topic | Number |
|---|---|
| Pre-license hours | 40 hours |
| Ethics hours | 3 hours |
| Certificate validity | 12 months |
| Property exam questions | 79 |
| Casualty exam questions | 91 |
| Total exam time | 210 minutes |
| Passing score | 70% |
| Exam fee each | $38 |
| Application fee | $190 |
| Fingerprinting | $66.05 |
| Fingerprint code | 2F16Y3 |
| PIP minimum | $15,000 |
| PD liability | $5,000 |
| CE hours | 24 every 2 years |
Next Steps
- Enroll in 40-hour course - DOBI-approved provider
- Complete this FREE study guide - NJ-specific content
- Study national P&C concepts - See our Property & Casualty exam prep
- Schedule both exams - PSI
- Pass both exams - 70%+ on each
- Complete fingerprinting - IdentoGO (code 2F16Y3)
- Apply for license - NIPR ($190)
Let's get started with Chapter 1: New Jersey Insurance Regulation!
How many separate exams must you pass to get a New Jersey P&C license?
What is the IdentoGO service code for New Jersey insurance fingerprinting?
What is unique about New Jersey's auto insurance system?
How long is a New Jersey pre-licensing education certificate valid?
What is the minimum PIP coverage required in New Jersey?