The State of New Jersey
NJ Department of Banking and Insurance

Home > Insurance Division > Life and Health > Minimum Requirements for Life and Health Insurers Admission
Life and Health Insurer Admission Minimum Requirements

Letter of Intent for Admission to New Jersey


Dear Applicant:

This is to acknowledge your request for information pertaining to the admission of a life and health insurance company to do business in New Jersey.

Pursuant to N.J.A.C. 11:2-1, prior to receiving forms for a final application for a Certificate of Authority in this State, all foreign and alien insurers which desire to transact the business of life insurance, health insurance and/or annuities are required to submit a letter of intent.

The attached pages outline the minimum requirements which must be met to receive the forms for a final application for admission. Meeting these minimums does not guarantee admission.

Please fill out these pages (PDF). If the company appears to meet the minimum criteria for admission, then return the attached pages and the requested items to the undersigned. If the company does not meet the minimum criteria, then do not send in the form.

Regarding the minimum surplus, the surplus mentioned herein is not the company's current statement surplus as shown on line 36, page 3, of the annual statement, but as adjusted per deductions listed in N.J.A.C. 11:2-1.4(a)2.i. The adjusted surplus calculation sheets will be sent in the final application. Your adjusted surplus will either be the same or lower than your current statement surplus. For now, use your current statement surplus when filling out the attached pages.

Also, pursuant to N.J.S.A. 17B:23-5, Retaliatory Provisions, if the minimum capital and surplus requirements are higher for a like New Jersey insurer applying for admission to your state of domicile, then your company must meet those higher requirements.

If you have any questions, please call (609) 940–7410; fax 609-633-6765 or e-mail: Thank you for your interest in doing business in New Jersey.


  June Duggan
Life and Health Admissions Committee
OPRA is a state law that was enacted to give the public greater access to government records maintained by public agencies in New Jersey.
Adobe Acrobat
You will need to download the latest version of Adobe Acrobat Reader in order to correctly view and print PDF (Portable Document Format) files from this web site.
state seal
Copyright © 2011, State of New Jersey
New Jersey Department of Banking and Insurance