New Jersey Story Archive

NJ Department of Banking and Insurance Receives Reaccreditation from National Association of Insurance Commissioners and Conference of State Bank Supervisors
Department Has Received Accreditation in Insurance, Banking

August 18, 2021 — Department of Banking and Insurance Commissioner Marlene Caride announced today that the department has received reaccreditation in both insurance and banking, which certifies that the department meets the national standards and practices set by the National Association of Insurance Commissioners and the Conference of State Bank Supervisors.

The National Association of Insurance Commissioners (NAIC) accreditation program reviews state insurance departments every five years to ensure they meet financial solvency oversight standards. The department received the final results of the Accreditation Review for the Insurance Division on Friday, August 13th, with accreditation granted during the NAIC Summer National Meeting. In 2020, the department received accreditation from the Conference of State Bank Supervisors (CSBS) following a comprehensive review of the Banking Division. The CSBS reviews state banking departments every five years.

“The reaccreditation of the department gives consumers and the entities we regulate the confidence that our banking and insurance divisions meet national regulatory standards and have the resources and expertise to carry out the department’s mission,” said Commissioner Caride.

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CrossState Joins Coalitions to Advance Immunity Legislation in NJ and PA
AUG 27, 2020—CrossState, along with other New Jersey and Pennsylvania trade associations, businesses, and organizations, wrote in support of legislation that would provide liability protections for healthcare practitioners and individuals providing business services from personal injury resulting from exposure to COVID-19 while on their premises. (Sign-in required to read)


Governor signs prize-linked savings measure
Jan. 19, 2016 — Trenton — Legislation which authorizes New Jersey credit unions and banks to offer savings promotions, also known as “prize-linked savings accounts,” was signed into law Jan. 19 by Gov. Chris Christie (R).

Prize-linked savings heads to governor’s desk
Dec. 18, 2015
— Trenton – Legislation that would authorize New Jersey credit unions and banks to offer savings promotions, also known as “prize-linked savings accounts,” passed the NJ Assembly yesterday by a 67-0 vote. The state Senate approved the measure May 18. The bill must be signed by the governor before it becomes law.


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