N.J. Admin. Code § 11:1-36.3

Current through Register Vol. 56, No. 16, August 19, 2024

Section 11:1-36.3 - Examination; when deemed complete

(a) For purposes of N.J.S.A. 17:23-24b, an examination of the financial condition of a company shall be deemed complete not later than 90 days after the date the examiner leaves the site of the company, or not later than 90 days after the date the company responds to the last written request from the examiner(s) for additional information, but in no event later than 180 days after the date the examiner leaves the site of the company provided that the company has responded to any written request for additional information made 90 days or more prior to that date. For good cause, the Chief Insurance Examiner of the Department may extend these time frames for an additional period of time not to exceed 90 days.

(b) A company shall provide any additional information, documentation or other data requested by an examiner not later than 30 days after such request.

(c) In the case of joint examinations, the time frames set forth in (a) above shall apply where this State is the lead state conducting such joint examination. Where this State is not the lead state, the time frames set forth in (a) above may apply with the agreement of the lead State.

N.J. Admin. Code § 11:1-36.3

Amended by R.2001 d.135, effective 5/7/2001.
See: 32 N.J.R. 4328(a), 33 N.J.R. 1387(a).
In (a), substituted "N.J.S.A. 17:23-24b" for "P.L. 1993, c.236, section 5b".