P&CNJmedium
Before DOBI may adopt a new regulation of general applicability under New Jersey's Administrative Procedure Act, which procedural step is required?
Publish notice of proposed rulemaking in the New Jersey Register and provide a public comment period
BObtain a two-thirds concurrent resolution of both houses of the Legislature before any rule may take effect
CSecure prior written approval from the NAIC Executive Committee
DFile the rule with the U.S. Department of the Treasury for FIO review
Why this is the answer
N.J.S.A. 52:14B-4 requires DOBI to publish a notice of proposal in the New Jersey Register, give at least 30 days' notice, take public comment, and consider submissions before adopting a final rule, which is then published in the NJ Administrative Code.
Studying for the NJ Property & Casualty exam?
This question comes from our P&C bank. Take a free practice test — no signup.