Clarifies choice of independent contractor status for certain licensed or regulated professionals.

This bill clarifies that certain licensed or regulated professionals in New Jersey can be treated as independent contractors under state law if they have a written agreement stating this status. It specifically applies to licensed insurance producers, broker-dealers, investment advisers, and freight drivers meeting unemployment exemption criteria. The law prevents these professionals from being reclassified as employees under state wage, hour, or unemployment laws, and eliminates the need to pass additional tests to maintain independent contractor status. The bill applies retroactively to all existing written agreements, confirming that these professionals have historically operated under this classification.