A1511

Clarifies independent contractor status for certain licensed or regulated professionals in New Jersey.

This bill confirms that certain licensed or regulated professionals in New Jersey, such as insurance producers, broker-dealers, and investment advisers, can be treated as independent contractors if they operate under a written agreement. The bill applies retroactively to any existing agreements and ensures these professionals are not required to satisfy additional tests to maintain their independent contractor status. The intent is to enforce the understanding that these professionals have historically not been treated as employees under state law.