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The New Jersey Department of Banking and Insurance (DOBI) is one of 15 principal departments in New Jersey government. The department's 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. [1]
NJBIA has 20,000 member businesses of all sizes, including large national corporations with branches or interest in New Jersey. A large percentage of the association's members are small businesses, with 80% of their members having 24 or fewer employees. The association's annual dues are determined by the number of full-time equivalent employees ...
Insurance regulatory law. Insurance regulatory law is the body of statutory law, administrative regulations and jurisprudence that governs and regulates the insurance industry and those engaged in the business of insurance. Insurance regulatory law is primarily enforced through regulations, rules and directives by state insurance departments as ...
The new mandatory insurance minimums are as follows as of Jan. 1, 2023: $25,000 bodily injury liability per person. $50,000 bodily injury liability per accident. $25,000 property damage liability ...
Home-based business insurance. Pays for property repairs, business equipment replacement and some liability claims if you run your business out of your house. Business income insurance. Pays for ...
New Jersey car insurance laws. New Jersey’s car insurance laws give drivers two options for coverage: a basic policy or a standard policy. Basic policies were designed by the state to ensure all ...
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