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Below is a listing of the documents that are available. Simply click on the document title to select that documents. The index is updated on a regular basis.
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Company insolvency/rehabilitation
Order No. A24-05—Imposition of surcharge for recoupment of the New Jersey Property-Liability Insurance Guaranty Association assessment
Department of Banking and Insurance order establishing the procedure for the collection of surcharges from insurance carriers for the New Jersey Property-Liability Insurance Guaranty Association. 6 pages
New Jersey insurer insolvency
Gives an in-depth overview of insurer insolvency, including eligible risks, maximum limits, and the different guaranty funds available. 21 pages
What you need to know about Adirondack Insurance Exchange and Mountain Valley’s exit from the New York market
A comprehensive consumer flyer outlining what clients can expect with Adirondack and Mountain Valley’s exit. 1 page
Sample customer letter upon downgrading of insurer
Sample verbiage agents may personalize to notify clients that a carrier’s A.M. Best rating has been lowered. 1 page
Understanding producer responsibility with company insolvency
Outlines the company insolvency issue and in particular, an insurance producer’s duty of care in such situations. 4 pages
Carrier ratings: have the necessary process in place
Offers a list of things you should do if one of your carriers has a rating change. 2 pages