P&CNJmedium
Who bears the reasonable cost of a DOBI examination of an authorized insurer conducted under N.J.S.A. 17:23-22?
AThe State of New Jersey general fund pays all examination costs through an annual DOBI regulatory appropriation
BPolicyholders are billed directly by DOBI through a special surcharge on their next premium notice
The insurer being examined pays the reasonable cost of the examination
DThe NAIC reimburses all examination costs from its national multi-state regulatory budget
Why this is the answer
N.J.S.A. 17:23-22 requires the examined insurer to pay the reasonable expenses of a DOBI examination, including examiner per diem, travel, and contracted specialist costs. This funding model is standard across NAIC-accredited states.
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