( May 6, 2026, 5:08 PM EDT) -- TRENTON, N.J. — A New Jersey appellate court affirmed a decision by the commissioner of the New Jersey Department of Banking and Insurance (DOBI) revoking an insurance producer’s license and levying a $16,012.50 penalty against him for violations of the New Jersey Insurance Producer Licensing Act (IPLA) for failure to notify the commissioner of criminal convictions, finding that the enforcement action was timely under the applicable statute of limitations and that the Rehabilitated Convicted Offenders Act (RCOA) is inapplicable because it applies to an application for a license and not a revocation....