The State of New Jersey
NJ Department of Banking and Insurance

Home > Banking Division > Dedicated Funding > Information for Licensees > Insurance Premium Finance Company
Please Note:

The online annual reporting system will be available in February 2022. All licensees will be receiving notifications on how to access the system by email. All annual reports will be due May 2, 2022.

If you have any questions, please contact Consumer Finance Annual Reports.

Pursuant to N.J.A.C. 3:23-4.1, all licensees are required to file an annual report to the Department of Banking and Insurance. Licensees are required to file an annual report after each calendar year in which they were licensed. Because you were licensed in 2021, you are required to file an annual report in 2022 even if you did not conduct any business in 2021, and even if you ceased doing the business activities for which you were licensed in New Jersey in 2021.  

The Department recommends downloading and printing the 2021 Annual Report Worksheet (at right) before completing the online report.

If you have any questions about filing your annual report, please e-mail Consumer Finance Annual Reports at

Thank you in advance for your cooperation in this important matter.

Annual Report Worksheet
Insurance Premium Finance Company (PDF)
File Your Annual Report
Annual Reports

Is an insurance premium finance company required to file an annual report?
An insurance premium finance company is required to file an annual report with the Division of Banking. The report must be filed for the period of January 1, 2021 through December 31, 2021. This annual report will contain information for New Jersey business conducted during the year.

Are any questions on the annual report new to licensees who previously filed annual reports?
Questions are similar to those in previous annual reports. For insurance premium finance companies, it is important to pay particular attention to:

  • Financial statements
  • Types of agreements
  • Dollar ranges of loans made
  • The total number and dollar volume of NJ personal and NJ commercial financed agreements made

Information must be collected from 01/01/2021 through 12/31/2021 for New Jersey based business and maintained to complete the annual report.

Is there a filing deadline for the annual report?
All annual reports must be filed no later than May 2, 2022 for the January 1, 2021 to December 31, 2021 reporting period. Annual reports are expected to be filed electronically over the Internet through the State's secure web site.

Additional License Specific Information

When will license renewals occur?
Renewals for ALL
non-mortgage licensees will be as of July 1, 2023. It is expected that licensees will be notified about the renewal process no later than April 2023. Licenses must be renewed prior to June 30, 2023.

Will there be a license renewal fee for the biennial renewal in July 2023?
All non-mortgage licensees will pay NO FEE to renew licenses. License renewals will be required to be processed electronically using the Banking Online Services feature. Paper renewals will NOT be available. For information about signing up for Banking Online Services CLICK HERE.

Do applications for new licenses require a fee?
Yes. All new applications – those for new businesses and new branch offices – require the payment of a non-refundable application fee.

How much is non-refundable application fee?
The non-refundable application fee is $500 for each new license.

What must an insurance premium finance company do to:
1) Change a licensed business address?

Note: There is NO FEE to change a business address

2) Change a licensed business name?

  • Complete the Change of Legal Name form
  • Enclose a copy of the amended Certificate of Incorporation, if a corporation; a copy of amended certificate of formation, if a limited liability company; a copy of amended or new trade name certificate if a partnership or sole proprietorship; an amended Certificate of Authority to do Business in New Jersey if a foreign corporation
  • Return the above items to the Licensing Services Bureau, NJDOBI

Note: There is NO FEE to change a business name or to add a new doing business as or trade name

3) Obtain a duplicate license?

  • Request and complete a lost license affidavit
  • Return this affidavit to the Licensing Services Bureau, NJDOBI

Note: There is NO FEE to obtain a duplicate license or registration certificate.

Contact Information
For licensing questions:
NJDOBI License Services, Banking
PO Box 473
Trenton, NJ 08625
For annual report, request login credentials questions:
NJ Department of Banking and Insurance
PO Box 040
Trenton, NJ 08625
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New Jersey Department of Banking and Insurance