L&HNJmedium
Before a group life insurance policy form may be issued or delivered in New Jersey, what action is generally required with DOBI?
AThe policy form must be registered with the NJ Secretary of State
BThe policy form requires approval from the NJ Treasurer
CNo filing is required because group filings are exempt
The policy form must be filed with and approved by DOBI
Why this is the answer
Group life insurance policy forms must be filed with and approved by DOBI before they can be issued or delivered in New Jersey. The filing requirement allows DOBI to verify that mandatory provisions and benefit standards are met.
Studying for the NJ Life & Health exam?
This question comes from our L&H bank. Take a free practice test — no signup.