Compliance Alerts

New Jersey Adopts Rule 11:1-48

Written by AAIS | Feb 11, 2025

New Jersey has adopted Rule 11:1-48.

Among other provisions, this rule requires insurers to file a Corporate Governance Annual Disclosure (CGAD) with the Commissioner no later than the first of June each year. Each year after the initial filing, the insurer should file an amended CGAD indicating where changes were made. The rule provides more information regarding what should be provided in the CGAD.

 

Please see Rule 11:1-48 for more information.