N.J. Admin. Code § 11:17-6.5

Current through Register Vol. 57, No. 1, January 6, 2025

Section 11:17-6.5 - Filing requirements

(a) No person, firm, association or corporation shall act as an MGA with respect to risks located in this State for an insurer licensed or domiciled in this State, unless the MGA and the insurer have notified the Commissioner as provided (b) below.

(b) Insurers and MGAs required to notify the Commissioner as provided at (a) above shall file a Notice of Managing General Agent Contract in the form set forth as Form A in the Appendix to this subchapter incorporated herein by reference by completing and jointly executing the form and sending it to the Department at the following address:

New Jersey Department of Banking and Insurance

Office of Consumer Protection Services

Licensing and Insurance Education

20 West State Street

PO Box 329

Trenton, NJ 08625-0329

(c) The Commissioner may refuse to file any Notice of Managing General Agent Contract that is incomplete. The Commissioner shall notify the insurer of a determination that the Notice is incomplete, and the actions that must be taken or the items that must be submitted in order to make a complete filing.

N.J. Admin. Code § 11:17-6.5

Amended by R.1998 d.233, effective 5/18/1998.
See: 30 New Jersey Register 779(a), 30 New Jersey Register 1833(a).
In (b), updated the address information.

Amended by 55 N.J.R. 1931(a), effective 9/5/2023