New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 2 - INSURANCE GROUP
Subchapter 14 - PROCEDURES FOR THE CONDUCT OF VOTING ON A PLAN OF REORGANIZATION OF A DOMESTIC MUTUAL LIFE INSURER
Section 11:2-14.3 - Policyholders entitled to notice and vote and manner of giving notice

Universal Citation: NJ Admin Code 11:2-14.3
Current through Register Vol. 56, No. 24, December 18, 2024

The insurer shall prepare, in electronic format, a list of policyholders eligible to vote on the plan of reorganization, which list shall be subject to review by the Department. The insurer, acting directly or through one or more agents (as specified in N.J.A.C. 11:2-14.1 0), shall mail to voting policyholders a notice, an appropriate form of ballot with a postage-paid (first class) return envelope. The notice shall set forth the time, place and date of the policyholder meeting, and the notice or other material shall include instructions on all forms of voting, including interactive voice response (IVR) and internet, if applicable, as well as the procedure for requesting substitute or duplicate ballot forms. Substitute or duplicate ballot forms shall be mailed by the insurer or its agent as promptly as possible after receipt of the request. Upon conclusion of the vote, the insurer shall provide a certificate of mailing to the Commissioner.

Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.