A1511

Clarifies that certain licensed or regulated professionals can be treated as independent contractors under New Jersey law.

This bill clarifies that certain licensed or regulated professionals, such as insurance producers, broker-dealers, investment advisers, and others, can be treated as independent contractors if they operate under a written agreement that describes them as such. The bill applies retroactively to any written agreements entered into before or after its effective date to enforce but not change the terms of those agreements. The bill also specifies that these professionals are not required to satisfy any additional tests to be recognized as independent contractors under state law.