New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 1 - ADMINISTRATION
Subchapter 36 - EXAMINATION OF INSURERS
Section 11:1-36.4 - Foreign and alien insurers; filing of examination reports with this State
Universal Citation: NJ Admin Code 11:1-36.4
Current through Register Vol. 56, No. 24, December 18, 2024
(a) A foreign or alien insurer licensed to transact business in this State shall file with the Department a copy of the financial condition examination report prepared by the insurance department or other regulatory agency for the insurer's state of domicile or port-of-entry state.
1. The copy
of the examination report shall be filed not later than 180 days after the
report is adopted by the insurance department or regulatory agency of the
insurer's state of domicile or port-of-entry state, and shall be certified by
such department or agency as representing a true and accurate report of the
examination conducted by its duly appointed examiner in charge who satisfies
the minimum qualifications to be the examiner in charge of such examination as
set forth in the Examiners' Handbook adopted by the NAIC as in effect at the
time such examination was conducted.
2. After January 1, 1994, in addition to the
requirements set forth in (a) and (a)1 above, the insurer shall provide a
certification from the insurance department or regulatory agency that:
i. The insurance department or regulatory
agency was at the time of the examination accredited under the NAIC's Financial
Regulation Standards and Accreditation Program; or
ii. The examination was performed under the
supervision of an accredited insurance department or other regulatory agency or
with the participation of one or more examiners who are employed by such an
accredited state insurance department or other regulatory agency who satisfy
the minimum qualifications to be an examiner as set forth in the Examiners'
Handbook adopted by the NAIC as in effect at the time the examination was
conducted and who, after a review of the examination work papers and report,
state under oath that the examination was performed in a manner consistent with
the standards and procedures required by their insurance department or other
regulatory agency.
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