New Jersey Statutes 17:48E-46.11. Annual statements; report to the Governor
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Terms Used In New Jersey Statutes 17:48E-46.11
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
- Trustee: A person or institution holding and administering property in trust.
11. a. A mutual holding company shall file with the commissioner an annual statement pursuant to applicable laws of this State.
b. The mutual holding company shall, on an annual basis, and in a form and manner prescribed by the Department of Banking and Insurance, file with the department information relating to the mutual holding company’s operations, including but not limited to the following: the mutual holding company’s mission, activities, revenues, expenses, assets, liabilities, and total compensation provided to officers, directors, trustees and the five other highest compensated employees who are not an officer, director or trustee, which information shall be posted on the department’s website.
c. The commissioner shall report to the Governor, and to the Legislature pursuant to section 2 of P.L.1991, c.164 (C. 52:14-19.1), on the compliance of the mutual holding company with the provisions of P.L.2020, c.145 (C. 17:48E-46.1 et al.).
b. The mutual holding company shall, on an annual basis, and in a form and manner prescribed by the Department of Banking and Insurance, file with the department information relating to the mutual holding company’s operations, including but not limited to the following: the mutual holding company’s mission, activities, revenues, expenses, assets, liabilities, and total compensation provided to officers, directors, trustees and the five other highest compensated employees who are not an officer, director or trustee, which information shall be posted on the department’s website.
c. The commissioner shall report to the Governor, and to the Legislature pursuant to section 2 of P.L.1991, c.164 (C. 52:14-19.1), on the compliance of the mutual holding company with the provisions of P.L.2020, c.145 (C. 17:48E-46.1 et al.).
L.2020, c.145, s.11.