N.J. Stat. § 17:22E-3: Requirements for intermediary-manager

3. The commissioner may require a reinsurance intermediary-manager to:

a. File a bond in an amount and from an insurer acceptable to the commissioner for the protection of the reinsurer; and

b. Maintain an errors and omissions policy in an amount acceptable to the commissioner.

L.1993,c.244,s.3.