N.J. Admin. Code § 11:1-31.4

Current through Register Vol. 56, No. 11, June 3, 2024

Section 11:1-31.4 - Certificate of eligibility; filing requirements

(a) Foreign applicants shall submit the following to the Commissioner:

1. A certificate of compliance from its state of domicile, which shall be filed annually thereafter;

2. Statements of the applicant's financial condition as of and for the two immediately preceding calendar years;

i. The annual statements shall be submitted on NAIC annual statement blanks, including fully completed and executed jurat pages subscribed and sworn to by the applicant's president, secretary and treasurer;

ii. The statement submitted for the most recent year shall be for a calendar year ending not more than nine months prior to the date of submission of the application; and

3. The applicant's quarterly financial statements for the current year in the NAIC format.

(b) The requirement to file financial statements pursuant to (a)2 and 3 above may be satisfied by the applicant filing such information with the NAIC.

(c) The Commissioner shall notify the applicant within 60 days whether the application is complete. If the application is incomplete, the notice shall specify the items or information necessary to cure the deficiency.

N.J. Admin. Code § 11:1-31.4

Amended by R.2001 d.75, effective 3/5/2001.
See: 32 N.J.R. 4184(a), 33 N.J.R. 794(a).
In (a)5, added the last two sentences; and in (a)15i(1) and (a)15iii(1), substituted "July 31 or seven months after the end of the insurer's fiscal year" for "September 1".
Amended by R.2012 d.112, effective 6/4/2012.
See: 44 N.J.R. 548(a), 44 N.J.R. 1701(b).
Deleted former (a); recodified former (b) as new (a); in the introductory paragraph of (a), deleted "in addition to the requirements in (a) above" following "Commissioner"; in (a)1, inserted ", which shall be filed annually thereafter"; added new (b); deleted former (c); and recodified former (d) as new (c).