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Due to the large number of multi-state insurers, the department utilizes a national state-based system of regulation in order to help meet this core mission. The Office's Captives Unit oversees New Jersey's captive insurance market, which opened for business in 2011 [17] and currently includes ten captive insurers.
Steven M. Goldman served as the Commissioner of Banking and Insurance of New Jersey from 2006 to 2009. He was nominated to the position in February 2006 by Governor of New Jersey Jon Corzine . Goldman is an attorney who specialized in banking and insurance law, prior to his appointment as commissioner.
The New Jersey Department of Corrections operates 13 major correctional or penal institutions, including seven adult male correctional facilities, three youth facilities, one facility for sex offenders, one women's correctional institution and a central reception and intake unit; and stabilization and reintegration programs for released inmates.
New Jersey increased car insurance minimums in 2023, and they’re going up again in 2026. ... Each state’s department of insurance sets its own rules for how much auto insurance you need to buy ...
The state offers subsidies to discount insurance premiums provided by private companies through "Get Covered New Jersey," mostly based on income levels. The average amount of financial help for ...
Governor Chris Christie nominated Considine to serve as Commissioner of the New Jersey Department of Banking and Insurance (DOBI) on January 15, 2010. [6] [7]Considine repealed several out-dated or burdensome regulations, led DOBI through reaccreditation by the National Association of Insurance Commissioners (NAIC) and Conference of State Banking Supervisors (CSBS) and fought insurance fraud.
The open enrollment periods began Wednesday for Get Covered NJ, the state government's Affordable Care Act marketplace used by more than 340,000 New Jerseyans who do not get health insurance ...
The office of an insurance commissioner is established either by the state constitution or by statute. While most insurance commissioners are appointed, in some jurisdictions they are elected. [ 1 ] The office of the insurance commissioner may be part of a larger regulatory agency, or an autonomous department.