Formation of a New Jersey Life, Health Insurance Company - nj 2025

1. Click ‘Get Form’ to open it in the editor.
2. Begin by completing the Feasibility Cover Sheet. Provide the type of application (Stock or Mutual), name, physical and mailing addresses, and a brief description of services.
3. Prepare a detailed feasibility study that includes your plan of operation, funding sources, marketing strategies, underwriting procedures, and organizational chart.
4. Submit a five-year projection certified by an actuary. This should include capital and surplus details, reserves, premium volume, investment strategies, and more.
5. Once your feasibility study is accepted, submit the original certificate of incorporation for review by the Life and Health Admissions Committee.
6. Provide any additional information required such as by-laws and biographical affidavits for each incorporator and officer.
7. After all documents are submitted and reviewed satisfactorily, apply for your Certificate of Authority to operate as an insurance company in New Jersey.

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