Governor James E. McGreevey has signed a bill (A2370 which permits New Jersey Transit Corporation to establish wholly-owned insurance subsidiary or “captive.”
The captive must be domiciled in the U.S. in a state which is accredited by the National Association of Insurance Commissioners and which licenses and regulates wholly-owned insurance subsidiaries or captives.
Topics New Jersey
Was this article valuable?
Here are more articles you may enjoy.
Judge Awards Applied Systems Preliminary Injunction Against Comulate 
What Analysts Are Saying About the 2026 P/C Insurance Market 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
‘Structural Shift’ Occurring in California Surplus Lines 
