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New Jersey investigating NRA-backed firearms insurance

By ,
Commissioner Marlene Caride
Commissioner Marlene Caride - ()

New Jersey officials are investigating firearms insurance backed by the National Rifle Association, the Department of Banking and Insurance announced late Tuesday evening.

The department is looking into potential violations by the Kansas-based Lockton Affinity LLC, as the insurance broker, for the unlawful “marketing and sale of NRA-sponsored insurance under the Carry Guard Program,” according to DOBI Commissioner Marlene Caride.

DOBI is also investigating the Chicago, Ill.-based Illinois Union, a member of the Chubb group, over “potential violations in its role as the underwriter of the insurance product,” Caride said.

The NRA Carry Guard Insurance Program in question is aimed at covering lawful gun owners and their families from civil liability, as well as their legal costs, from civil and criminal actions stemming from using their firearms.

“New Jersey law requires insurance companies selling to residents within the state to comply with specific requirements,” Caride said. “The Department has reviewed findings by the New York Department of Financial Services associated with the marketing and sale of Carry Guard insurance in New York and is examining the marketing and sale of this product in New Jersey to determine if, and to what extent, this activity violated state insurance laws.”

Marlene added that her department is investigating the marketing and sale of similar insurance programs for violating state insurance laws, but it’s not immediately clear who else DOBI is investigating.

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Daniel J. Munoz

Daniel J. Munoz

Daniel Munoz covers politics and state government for NJBIZ. You can contact him at dmunoz@njbiz.com.

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T Micai September 8, 2018 8:44 am

Seriously, the State is broke and we want to throw a few million of legal costs at a new political issue. Pay off the debts please, it's more important for the State's fiscal health and the tax payers pockets.

John Calzaretto CPA JD September 8, 2018 12:45 pm

This is how bankrupt New Jersey applies its dwindling resources. It just demonstrates that the State is not only bankrupt financially, but bankrupt intellectually.

The second amendment wasn't meant to permit our nation's citizenry to defend itself against just criminals. It's main intent was to permit our nation's citizenry to protect itself from its own government. Thankfully, our forefather's foresaw the incredible need for such rights since prior to, during and after their short lifetimes it has been governments that have butchered their citizenry in far greater numbers than criminals. If the persons reading this comment are not aware of what I speak to, I suggest that they go to the cell phones and google the histories of the atrocities of countless governments that have slaughtered their citizenry; usually after disarming them.

Yes, this is where New Jersey applies its fleeting resources and likely why it continues to loose population (other than immigrant population who know no better). Good luck, New Jersey. Once my children go to college (abroad) I will be leaving too. The last one out the door please shut out the lights.

Spentout August 22, 2018 7:46 pm

Is any other state challenging the NRA Insurance ? Or is this more Murphy nanny state politics ? Only 35 % of the NJ population voted, Murphy doesn’t have any mandate!