New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 23 - THIRD-PARTY ADMINISTRATORS
Subchapter 3 - THIRD PARTY ADMINISTRATORS
Section 11:23-3.8 - Annual report

Universal Citation: NJ Admin Code 11:23-3.8

Current through Register Vol. 56, No. 6, March 18, 2024

(a) A third party administrator shall file with the Commissioner on or before June 1 of each year an annual report for the preceding calendar year that shall consist of an audited and an unaudited part. The unaudited part shall contain the complete names and addresses of all benefits payers with which the administrator had a contract in effect during the preceding calendar year, and the status of all contracts in effect in the previous year.

(b) The audited part of the annual report for the preceding calendar year shall be prepared on a generally accepted accounting principles (GAAP) basis. If the financial affairs of the third party administrators parent company are audited by an independent certified public accountant, but those of the third party administrator are not, then a copy of the most recent audited financial statement of the third party administrators parent company, audited by an independent certified public accountant, shall be submitted.

(c) The filing fee for the annual report shall be $ 100.00.

(d) One signed copy of each part of the annual report shall be submitted to:

New Jersey Department of Banking and Insurance

Office of Solvency Regulation

PO Box 325

Trenton, NJ 08625-0325

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