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Which New Jersey agency exercises primary regulatory authority over life and health insurers operating in the state?

ANJ Department of Treasury
BNJ Department of Health
NJ Department of Banking and Insurance (DOBI)
DNJ Department of Labor and Workforce Development

Why this is the answer

The New Jersey Department of Banking and Insurance (DOBI) is the state agency charged with licensing, examination, and enforcement over life and health insurers under N.J.S.A. Title 17B and related regulations in N.J.A.C. Title 11.

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