N.J. Admin. Code § 11:28-1.9

Current through Register Vol. 57, No. 1, January 6, 2025

Section 11:28-1.9 - Designation of independent certified public accountant

(a) After becoming subject to the provisions of this subchapter, captives shall, within 90 days, report to the Commissioner in writing, the name and address of the independent certified public accountant retained to conduct the annual audit set forth in this subchapter.

(b) No person or firm shall act as an independent certified public accountant for a captive insurer unless they are registered with the Department. The Department shall maintain a list of registered independent certified public accountants and shall post this list on its website. A person or firm seeking such registration who is not on the Department's list shall submit an application for Authorization as an Independent Certified Public Accountant for Captive Insurance Business and a Biographical Affidavit to the Department for approval. (Forms are available on the Department's website at http://www.state.nj.us/dobi/division_insurance/captive/serviceproviders.html.)