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PHIL MURPHY DEPARTMENT OF BANKING AND INSURANCE DIVISION

PHIL MURPHY DEPARTMENT OF BANKING AND INSURANCE DIVISION 2025

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The document outlines the annual financial reporting requirements for Third Party Administrators (TPAs) licensed in New Jersey. It specifies the necessary reports, including an Annual Questionnaire, Annual Contract Report, Audited Financial Statements, and a $100 filing fee, all due by June 1st. The correspondence aims to standardize financial reporting and ensure compliance with state regulations. Additionally, it provides instructions for requesting extensions and details on submission procedures.

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Who is the head of the NJ Department of Banking and Insurance?

The departments mission is to regulate the banking, insurance and real estate industries in a professional and timely manner that protects and educates consumers and promotes the growth, financial stability and efficiency of these industries. The Commissioner of DOBI is Justin Zimmerman.

Who oversees insurance companies in New Jersey?

The New Jersey Department of Banking Insurance oversees how insurance companies operate in the state.

Who regulates banks in NJ?

The NJ Department of Banking and Insurance - Division of Banking regulates state-chartered financial institutions (banks, savings banks, savings and loan institutions and credit unions), and may take enforcement action against these institutions in the event any violations of banking law or regulations are found.

Who is in charge of NJ?

Office of the Governor | Governor Phil Murphy.

How do I file a complaint against an insurance company in NJ?

We at the Department of Banking and Insurance and Real Estate Commission are ready to answer any questions or inquiries you may have or open a formal complaint via our Consumer Inquiry and Response Center (CIRC).

How much does the New Jersey Department of Banking and Insurance pay?

New Jersey Department of Banking and Insurance pay FAQs. How much does New Jersey Department of Banking and Insurance pay per year? The average New Jersey Department of Banking and Insurance salary ranges from approximately $46,034 per year (estimate) for a Clerk Typist to $144,450 per year (estimate) for a Director.

Who is in charge of New Jerseys Insurance department?

New Jersey Commissioner of Banking and Insurance New Jersey Commissioner Banking and Insurance Selection Method: Appointed by Governor Current Officeholder(s) New Jersey Commissioner of Banking and Insurance Justin Zimmerman Nonpartisan Assumed office: November 8, 2024 Other New Jersey Executive Offices11 more rows

PHIL MURPHY DEPARTMENT OF BANKING AND INSURANCE DIVISION 2025

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