New Jersey Approves Deborah Heart and Lung Center Captive

The State of New Jersey’s Department of Banking and Insurance (“NJDOBI”) has granted approval to make Deborah Heart and Lung Center a captive in New Jersey and a non-profit 501(c)(3) on-shore captive in the United States.

Deborah, a not-for-profit hospital in Brown Mills, New Jersey, specializing in the treatment of cardiac, vascular, and pulmonary diseases in adults and children, will provide comprehensive general liability insurance coverage for the center and medical/hospital professional liability insurance for its employees through a pure single parent captive. The captive, Deborah Medical Associates Insurance Company, LLC, became operational on January 1, 2016.