Which government agency oversees the licensing of public adjusters in New Jersey?

The New Jersey Department of Banking and Insurance oversees the licensing of public adjusters in New Jersey. This agency is responsible for regulating various financial sectors, including insurance and banking, ensuring they operate within the law and in the best interests of consumers. Licensing of public adjusters is an important function as it helps maintain professional standards and protect consumers from fraud or unqualified individuals.

The Department of Banking and Insurance specifically has the authority to formulate rules and regulations that govern the practice of public adjusting, ensuring that only qualified professionals are granted licenses to assist policyholders in navigating their insurance claims. This helps maintain a standard of professionalism within the industry. Other options, while relevant to broader financial regulations or legislative processes, do not specialize in the licensing of public adjusters.