What is the maximum duration for which a license can be revoked in New Jersey?

In New Jersey, the maximum duration for which a license can be revoked is indeed five years. This period reflects the state's standard practices for regulating the conduct of licensed insurance producers and serves as a disciplinary measure for violations of the insurance code or other relevant laws. The five-year suspension allows for a significant timeframe for the individual to reflect on their actions and potentially rehabilitate their professional standing before being eligible to reapply for licensure.

The state recognizes that while it is crucial to uphold standards within the insurance industry, a lengthy period of revocation can also be seen as overly punitive for certain violations. Therefore, five years aligns with the philosophy of encouraging accountability while also providing a pathway for return to professional practice under appropriate conditions.