The New Jersey Department of Banking and Insurance (NJ DOBI) is a state agency responsible for regulating and overseeing financial services, including insurance, in New Jersey.  NJ DOBI licenses insurance companies, monitors their financial stability, and enforces laws to safeguard New Jersey residents and policyholders. In addition, the New Jersey Department of Banking and Insurance educates consumers, resolves complaints, and promotes a competitive and fair insurance marketplace within New Jersey.