{"data":{"id":"us-nj/n.j.-stat.-17-22-6.69b","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:22-6.69b","heading":"Designation as domestic surplus lines insurer.","body":"2. a. Notwithstanding any other provision of law to the contrary, a domestic insurer possessing policyholder surplus of at least $15,000,000 may, pursuant to a resolution by its board of directors, and upon the written approval of the Commissioner of Banking and Insurance, be designated as a domestic surplus lines insurer. A domestic surplus lines insurer shall be considered an eligible, unauthorized insurer for purposes of writing surplus lines insurance coverage.\nb.\tA domestic surplus lines insurer shall only insure in this State a New Jersey risk procured from a surplus lines agent in accordance with the provisions of \"the surplus lines law,\" P.L.1960, c.32 (C.17:22-6.40 et seq.).\nc.\tA domestic surplus lines insurer shall not issue policies of private passenger automobile insurance, workers' compensation or workers' occupational disease insurance.\nd.\tInsurance written by a domestic surplus lines insurer shall be subject to the tax on premiums provided by section 25 of P.L.1960, c.32 (C.17:22-6.59).\nL.2011, c.39, s.2.","path":["TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE \t\t\tAND INSURANCE"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"76e52a8cf90f56b922e68b322eed6e682d9bbcc76702c2d79df96f0249a7ece4","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-22-6.69a","next":"us-nj/n.j.-stat.-17-22-6.69c"},"notice":"GroundRules: Original legal text. Not legal advice."}