Requirements for intermediary-manager
Known as the New Jersey Automobile Full Insurance Availability Act
The act spans §§ 17:10B-1 to 17:9A-99 (3,637 sections).
L.1993,c.244,s.3.
3. The commissioner may require a reinsurance intermediary-manager to:
a. File a bond in an amount and from an insurer acceptable to the commissioner for the protection of the reinsurer; and
b. Maintain an errors and omissions policy in an amount acceptable to the commissioner.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.