N.J. Admin. Code § 11:2-1.5

Current through Register Vol. 56, No. 24, December 18, 2024

Section 11:2-1.5 - Letter of intent

(a) Prior to the acceptance of a final application for a certificate of authority in this State, all foreign and alien insurers who desire to transact the business of life and health insurance in this State shall submit, as a preliminary application, a letter of intent, which shall include, where applicable, the information required in (a)1 through 7 below.

1. The name of the applicant;

2. The name of any person, as defined in this subchapter, or other entity, by whom the applicant is controlled;

3. The applicant's insurance holding company registration statements including the holding company systems chart for the most recent five years;

4. The kind(s) of insurance proposed to be written by the applicant in this State;

5. A certified copy of the applicant's most recent annual statement, prepared on the NAIC annual statement forms used by New Jersey domestic insurers;

6. A certified copy of the applicant's current certificate of authority from its place of domicile; and

7. The most recent report(s) from rating agencies, including, but not limited to, A.M. Best, Moody's, Standard and Poor's, Duff and Phelps, and Dun and Bradstreet.

N.J. Admin. Code § 11:2-1.5

Amended by R.2003 d.209, effective 5/19/2003.
See: 35 New Jersey Register 66(a), 35 New Jersey Register 2182(a).
In (a), introductory paragraph substituted "7" for "9"; deleted 4; recodified existing 5 through 7 as 4 through 6; added a new 7.