N.J. Admin. Code § 11:2-4.1
Current through Register Vol. 57, No. 1, January 6, 2025
In determining the financial condition of a domestic or foreign insurance company or the United States branch of an alien insurance company, there shall be allowed as admitted assets the cost of electronic data processing equipment (hardware) purchased by the company, provided that such cost shall be amortized in full over a period not to exceed five calendar years, and provided further that where software is necessary to operate the system, such software shall be included as an asset.
N.J. Admin. Code § 11:2-4.1
See: 22 New Jersey Register 1673(a), 23 New Jersey Register 103(a).
Added provisions necessary in determining hardware and software as assets.