N.J. Admin. Code § 3:12-4.3 - Director$DQ$s review of insurance

Insurance coverages maintained by a qualified corporation shall be reviewed annually by the board of directors to determine the sufficiency of coverages maintained based on the volume and nature of operations. Evidence of the review shall be made available to the Commissioner upon request.

Notes

N.J. Admin. Code § 3:12-4.3

Amended by R.1992 d.242, effective 6/15/1992.
See: 24 New Jersey Register 675(b), 24 New Jersey Register 2242(b).
Revised text.
Amended by R.1997 d.300, effective 7/21/1997.
See: 29 New Jersey Register 1583(a), 29 New Jersey Register 3241(a).
Added last sentence.