17:22E-3. Requirements for intermediary-manager
46 words·~1 min read·
/nj/title-17/chapter-22e/17-22e-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
L.1993,c.244,s.3.