NJ Eases Business Regulations For Foreign Insurers

Law360, New York (July 6, 2012, 6:44 PM EDT) -- Out-of-state property and casualty insurers looking to conduct business in New Jersey could have an easier time doing so under newly effective regulations that reduce the "seasoning" requirements for such carriers from five to three years.

Prior to adopted changes from the New Jersey Department of Banking and Insurance that were published in the state Register on on July 2, foreign or alien insurers who wanted to sell property and casualty insurance in New Jersey had to be authorized in their home state or country and...
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