N.J. Admin. Code § 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.

Notes

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.