Thursday, November 14, 2024
HomeMorris CountyGovernor signs DeCroce bill supporting Veteran’s employment in insurance industry

Governor signs DeCroce bill supporting Veteran’s employment in insurance industry

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MORRIS COUNTY — Governor Phil Murphy signed a bill (A1924), sponsored by Assemblywoman BettyLou DeCroce, to help veterans in New Jersey obtain employment in the insurance industry.

The legislation waives the initial insurance producer-licensing fee for honorably discharged veterans who are New Jersey residents, have passed the licensing exam and met any other requirements for licensure. A producer is a person licensed to sell, solicit or negotiate insurance.

“Veterans bring a unique background and skillset to the insurance industry, but may lack the ability to pay the licensing fee if they are unemployed,” said DeCroce (R-Morris). “Removing a fee is the least we can do to give our veterans transitioning to civilian life a path to gainful employment.”

Under the law, the Department of Banking and Insurance is authorized to waive the initial $190 licensing fee. The department is currently permitted to waive fees for disabled war veterans.

Affected veterans include those who served in any branch of the active or reserve military or National Guard. The law takes effect immediately.

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Frank Cahill
Frank Cahillhttps://www.frankcahill.com
Publisher of Parsippany Focus since 1989 and Morris Focus since January 1, 2019, both covering a wide range of events. Mr. Cahill serves as the Executive Board Member of the Parsippany Area Chamber of Commerce, President Kiwanis Club of Tri-Town, and Chairman of the Parsippany-Troy Hills Economic Development Advisory Board. Owner of the Morris now app serving small business in Morris County.
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