DEPARTMENT OF BANKING AND INSURANCE
DIVISION OF INSURANCENotice of Public Hearing
Life/Health/Annuity Forms Certification Eligibility
Take notice that on November 6, 1995, the Department of Banking and Insurance (Department) adopted rules at N.J.A.C. 11:4-40 setting forth standards and procedures whereby all life insurance, health insurance and annuity forms are to be submitted to the Commissioner for approval prior to use (see 27 N.J.R. 4320(a)). N.J.A.C. 11:4-40.9 permits certain forms to be used by insurers without obtaining the Commissioner's prior approval, provided the form is set forth in N.J.A.C. 11:4-40.9 as a type eligible for file and use and is filed with the Commissioner pursuant to the procedures set forth at N.J.A.C. 11:4-40.10.
N.J.A.C. 11:4-40.9(h) specifically requires the Department to conduct an annual hearing pursuant to the requirements of the Life and Health Insurance and Health Maintenance Organization Form Approval Reform Act (P.L. 1995, c. 73) for the purpose of determining the specific types of forms eligible for file and use.
Take further notice that, pursuant to P.L. 1995, c. 73 and N.J.A.C. 11:4-40.9, the Department will hold a public hearing for the purpose of hearing testimony regarding modifications to the current file and use list. The Department is not proposing that any changes be made to the current list at this time. The hearing shall be held by the Department as set forth below:
Time: 9:30 A.M.
Location: Department of Banking and Insurance
20 West State Street
Trenton, New Jersey
FAX: (609) 292-0896