New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 2 - INSURANCE GROUP
Subchapter 1 - ADMISSION REQUIREMENTS FOR FOREIGN AND ALIEN LIFE AND HEALTH INSURERS
Section 11:2-1.5 - Letter of intent
Universal Citation: NJ Admin Code 11:2-1.5
Current through Register Vol. 56, No. 24, December 18, 2024
(a) Prior to the acceptance of a final application for a certificate of authority in this State, all foreign and alien insurers who desire to transact the business of life and health insurance in this State shall submit, as a preliminary application, a letter of intent, which shall include, where applicable, the information required in (a)1 through 7 below.
1. The name
of the applicant;
2. The name of
any person, as defined in this subchapter, or other entity, by whom the
applicant is controlled;
3. The
applicant's insurance holding company registration statements including the
holding company systems chart for the most recent five years;
4. The kind(s) of insurance proposed to be
written by the applicant in this State;
5. A certified copy of the applicant's most
recent annual statement, prepared on the NAIC annual statement forms used by
New Jersey domestic insurers;
6. A
certified copy of the applicant's current certificate of authority from its
place of domicile; and
7. The most
recent report(s) from rating agencies, including, but not limited to, A.M.
Best, Moody's, Standard and Poor's, Duff and Phelps, and Dun and
Bradstreet.
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