New Jersey Automobile Insurance Risk Exchange

Post office Box 66065, Lawrenceville, New Jersey 08648

(609) 570-4110

August 13, 2007

The New Jersey Automobile Insurance Risk Exchange (NJAIRE) is currently accepting nominations for two individuals to serve on the NJAIRE Board of Directors as at-large members. The individuals must be affiliated with insurers domiciled in New Jersey.

NJAIRE Board members must be New Jersey residents.  Each recommended member's biography or resume is submitted to the Governor's office for review and, as a courtesy, it's also shared with the Department of Banking and Insurance.  If approved, the recommended person is nominated by the Governor.  The nominee must complete two legislative questionnaires for submission to the Senate. The Governor's office notifies the Senator in the legislative district in which the nominee resides in order to obtain the Senator's approval of the nominee thus assuring introduction of the nomination to the Senate of the nominee's proposed appointment. However, the nominee is required to contact his or her Senator to introduce him or herself and to officially request the appointment. The process usually takes several months, resulting in a 5 year appointment.

The NJAIRE Board meets at least quarterly, usually in East Windsor at a hotel convenient to Exit 8 off the New Jersey Turnpike.  The NJAIRE Board oversees all activities prescribed under New Jersey's AIRE statute to assure carrier compliance involving New Jersey's dual liability threshold.  We assess all New Jersey carriers and redistribute these funds, less NJAIRE expenses. 

Any interested individuals must submit a letter of interest together with a current resume to NJAIRE's Counsel M. Paige Berry, mberry@reedsmith.com or fax to 609-951-0824, on or before Wednesday August 22, 2007.

No nominations will be accepted after 5pm on Wednesday August 22, 2007.

All interested parties will be advised of the Board's decision after the Board meets on August 23, 2007.