The New Jersey Department of Banking & Insurance protects the residents of the state by regulating the insurance industry, providing consumer protection, & promoting market stability.
The Insurance Departments regulates and provides information to various insurances including Homeowners, Auto, Life, Medical, Health, Umbrella and Business Insurances. Most states require insurance brokers to be licensed to sell insurance in the state. A license is generally only given to a broker who shows they are qualified to sell and service insurance in the state.
The Department of Insurance can also provide you with a list of all insurance companies and brokers in the state authorized to sell insurance. The Department of Insurances also manages insurance related complaints and helps resolve disputes with insurance companies and consumers.