Which of the following statements about producer licenses is accurate?

Producer licenses in New Jersey must be renewed every two years. This requirement ensures that producers remain up to date with ongoing education and changes in the regulatory environment, which is crucial for maintaining a high standard of professionalism and competency in the insurance industry.

Maintaining a renewal cycle also allows the regulatory authority to evaluate the producer's compliance with laws and regulations, thus ensuring that producers continue to meet the necessary qualifications and standards. Regular renewal can also serve as a way to reinforce ethical practices and current industry knowledge among licensed producers.

The other statements do not accurately reflect the conditions surrounding producer licenses. For instance, licenses do have an expiration date and require renewal, which contrasts with the idea that they do not expire. Additionally, while a producer license from New Jersey is valid primarily within the state to operate legally, it is not simply transferrable between states without meeting different states' licensing requirements.