UNITEDSTATES
SECURITIESANDEXCHANGECOMMISSION
Washington,D.C.20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-08621

Name of Fund: BlackRock MuniHoldings New Jersey Insured Fund, Inc. (MUJ)

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: Anne F. Ackerley, Chief Executive Officer, BlackRock
MuniHoldings New Jersey Insured Fund, Inc., 55 East 52 nd Street, New York, NY 10055.

Registrant’s telephone number, including area code: (800) 882-0052, Option 4

Date of fiscal year end: 07/31/2010

Date of reporting period: 04/30/2010

Item 1 – Schedule of Investments


Schedule of Investments April 30, 2010 (Unaudited)

BlackRock MuniHoldings New Jersey Insured Fund, Inc. (MUJ)

(Percentages shown are based on Net Assets)

      Par    
Municipal Bonds     (000)   Value  
New Jersey — 135.7%        
Corporate — 1.6%        
New Jersey EDA, RB, Disposal, Waste M      
    Management of New Jersey, Series A,      
    AMT, 5.30%, 6/01/15   $ 2,500   $ 2,695,550  
New Jersey EDA, Refunding RB, New        
    Jersey American Water Co., Series A,      
    AMT, 5.70%, 10/01/39     2,500   2,553,200  
      5,248,750  
County/City/Special District/School District — 21.3%    
Borough of Hopatcong New Jersey, GO,      
    Refunding, Sewer (AMBAC),        
  4.50%, 8/01/33     2,690   2,722,011  
Camden County Improvement Authority,      
    RB (AGM), 5.50%, 9/01/16 (a)     1,540   1,567,027  
City of Perth Amboy New Jersey, GO,        
    CAB (AGM) (b):        
5.06%, 7/01/32     4,605   4,235,080  
5.07%, 7/01/33     1,395   1,279,606  
5.11%, 7/01/37     1,470   1,337,920  
County of Middlesex New Jersey, COP        
    (NPFGC), 5.25%, 6/15/23     1,550   1,556,572  
County of Middlesex New Jersey, COP,      
    Refunding (NPFGC), 5.50%, 8/01/16   1,375   1,452,440  
East Orange Board of Education, COP        
    (AGM), 5.50%, 8/01/12     6,715   7,065,859  
Essex County Improvement Authority,        
    LRB, County Correctional Facility        
    Project, Series A (FGIC), 5.00%,        
    10/01/13 (a)     4,400   4,960,076  
Essex County Improvement Authority,        
    RB, County Correctional Facility        
    Project (FGIC), 6.00%, 10/01/10 (a)   4,000   4,094,440  
Essex County Improvement Authority,        
    Refunding RB, Project Consolidation      
    (NPFGC), 5.50%, 10/01/27     250   284,850  
Hudson County Improvement Authority,      
    RB, Harrison Parking Facility Project,      
    Series C (AGC), 5.38%, 1/01/44     3,600   3,839,796  
Hudson County Improvement Authority,      
    Refunding RB, Hudson County Lease      
    Project (NPFGC), 5.38%, 10/01/24     2,530   2,550,417  
Middlesex County Improvement        
    Authority, RB, Senior Citizens Housing      
    Project, AMT (AMBAC), 5.50%,        
    9/01/30     500   500,300  

      Par    
Municipal Bonds     (000)   Value  
New Jersey (continued)        
County/City/Special District/School District (concluded)    
Monmouth County Improvement        
    Authority, Refunding RB,        
    Governmental Loan (AMBAC):        
        5.35%, 12/01/10 (a)   $ 695    $  715,662  
        5.38%, 12/01/10 (a)     535   550,980  
        5.35%, 12/01/17     845   863,784  
        5.38%, 12/01/18     935   955,907  
Morristown Parking Authority, RB        
    (NPFGC):        
        5.00%, 8/01/30     1,830   1,925,270  
        5.00%, 8/01/33     3,000   3,125,670  
New Jersey State Transit Corp., COP,        
    Subordinate, Federal Transit        
    Administration Grants, Series A        
    (AGM), 5.00%, 9/15/21     2,000   2,113,220  
Newark Housing Authority, Refunding        
    RB, Newark Redevelopment Project        
    (NPFGC), 4.38%, 1/01/37     620   586,446  
North Bergen Township Board Of        
    Education, COP (AGM) (a):        
        6.00%, 12/15/10     1,000   1,045,740  
        6.25%, 12/15/10     3,260   3,414,198  
Salem County Improvement Authority,        
    RB, Finlaw Street Office Building        
    (AGM), 5.38%, 8/15/28     500   543,080  
South Jersey Port Corp., Refunding RB:      
        4.50%, 1/01/15     3,750   3,914,700  
        4.50%, 1/01/16     1,920   1,985,798  
Township of West Deptford New Jersey,      
    GO (FGIC), 5.63%, 9/01/10 (a)     8,580   8,734,183  
      67,921,032  
Education — 19.3%        
New Jersey EDA, RB:        
        International Center For Public        
        Health Project, University of        
        Medicine and Dentistry (AMBAC),        
        6.00%, 6/01/32     5,000   4,999,750  
        School Facilities Construction,        
        Series Y, 5.00%, 9/01/33     3,000   3,092,610  

Portfolio Abbreviations

To simplify the listings of portfolio holdings in the Schedule of Investments, the names and descriptions of many of the securities have been abbreviated
according to the following list:

AGC   Assured Guaranty Corp.   EDA   Economic Development Authority  
AGM   Assured Guaranty Municipal Corp.   GO   General Obligation Bonds  
AMBAC   American Municipal Bond Assurance Corp.   FGIC   Financial Guaranty Insurance Co.  
AMT   Alternative Minimum Tax (subject to)   FSA   Financial Security Assurance Inc.  
BHAC   Berkshire Hathaway Assurance Corp.   LRB   Lease Revenue Bonds  
CAB   Capital Appreciation Bonds   NPFGC   National Public Finance Guarantee Corp.  
CIFG   CDC IXIS Financial Guaranty   RB   Revenue Bonds  
COP   Certificates of Participation   S/F   Single-Family  
    VRDN   Variable Rate Demand Notes  

BLACKROCK MUNIHOLDINGS NEW JERSEY INSURED FUND, INC.

APRIL 30, 2010

1


Schedule of Investments (continued)

BlackRock MuniHoldings New Jersey Insured Fund, Inc. (MUJ)
(Percentages shown are based on Net Assets)

      Par    
Municipal Bonds     (000)   Value  
New Jersey (continued)        
Education (concluded)        
New Jersey Educational Facilities        
    Authority, RB:        
        Montclair State University, Series A      
        (AMBAC), 5.00%, 7/01/21   $ 1,200   $ 1,263,624  
        Montclair State University, Series A      
        (AMBAC), 5.00%, 7/01/22     2,880   3,027,082  
        Richard Stockton College, Series F      
        (NPFGC), 5.00%, 7/01/31     2,625   2,656,762  
        Rowan University, Series C (NPFGC),      
        5.00%, 7/01/14 (a)     3,260   3,729,375  
        Rowan University, Series C (NPFGC),      
        5.13%, 7/01/14 (a)     3,615   4,153,707  
New Jersey Educational Facilities        
    Authority, Refunding RB:        
        College of New Jersey, Series D        
        (AGM), 5.00%, 7/01/35     9,540   9,875,713  
        Montclair State University, Series J      
        (NPFGC), 4.25%, 7/01/30     3,775   3,560,618  
        Ramapo College, Series I (AMBAC),      
        4.25%, 7/01/31     1,250   1,172,463  
        Ramapo College, Series I (AMBAC),      
        4.25%, 7/01/36     900   824,868  
        Rowan University, Series C (FGIC),      
        5.25%, 7/01/11 (a)     790   841,547  
        Rowan University, Series C (NPFGC),      
        5.25%, 7/01/17     2,135   2,247,493  
        Rowan University, Series C (NPFGC),      
        5.25%, 7/01/18     2,535   2,665,527  
        Rowan University, Series C (NPFGC),      
        5.25%, 7/01/19     2,370   2,489,187  
        Stevens Institute of Technology,        
        Series A, 5.00%, 7/01/27     2,800   2,821,616  
        Stevens Institute of Technology,        
        Series A, 5.00%, 7/01/34     900   876,537  
        William Paterson University,        
        Series C (AGC), 5.00%, 7/01/28     250   263,520  
        William Paterson University,        
        Series C (AGC), 4.75%, 7/01/34     4,000   4,022,640  
University of Medicine & Dentistry of        
    New Jersey, COP (NPFGC), 5.00%,        
    6/15/29     2,000   1,932,960  
University of Medicine & Dentistry of        
    New Jersey, RB, Series A (AMBAC),        
    5.50%, 12/01/27     4,740   4,782,897  
      61,300,496  
Health — 14.3%        
New Jersey Health Care Facilities        
    Financing Authority, RB:        
        Greystone Park Psychiatric Hospital      
        (AMBAC), 5.00%, 9/15/23     10,775   11,029,182  

      Par    
Municipal Bonds     (000)   Value  
New Jersey (continued)        
Health (concluded)        
New Jersey Health Care Facilities        
Financing Authority, RB (concluded):      
        Meridian Health, Series I (AGC),        
        5.00%, 7/01/38   $ 780   $ 787,761  
        Meridian Health, Series II (AGC),        
        5.00%, 7/01/38     7,400   7,473,630  
        Meridian Health, Series V (AGC),        
        5.00%, 7/01/38     3,960   3,999,402  
        Society of The Valley Hospital        
        (AMBAC), 5.38%, 7/01/25     2,820   2,645,809  
        South Jersey Hospital, 6.00%,        
        7/01/12 (a)     5,440   6,039,651  
        Virtua Health (AGC), 5.50%,        
        7/01/38     1,000   1,060,500  
New Jersey Health Care Facilities        
    Financing Authority, Refunding RB:        
        AHS Hospital Corp., Series A        
        (AMBAC), 6.00%, 7/01/13 (c)     4,000   4,577,760  
        Atlantic City Medical Center, 5.75%,      
        7/01/12 (a)     1,525   1,673,474  
        Atlantic City Medical Center, 6.25%,      
        7/01/12 (a)     530   587,256  
        Atlantic City Medical System,        
        6.25%, 7/01/17     925   972,693  
        Atlantic City Medical System,        
        5.75%, 7/01/25     1,975   2,018,786  
        Hackensack University Medical        
        Center (AGC), 5.13%, 1/01/27     1,500   1,555,215  
        Meridian Health System Obligation      
        Group (AGM), 5.38%, 7/01/24     1,000   1,001,110  
      45,422,229  
Housing — 5.1%        
New Jersey State Housing & Mortgage      
    Finance Agency, RB:        
        Capital Fund Program, Series A        
        (AGM), 4.70%, 11/01/25     10,840   11,004,009  
        Series AA, 6.50%, 10/01/38     2,720   2,968,173  
New Jersey State Housing & Mortgage      
    Finance Agency, Refunding RB, S/F        
    Housing, Series T, AMT, 4.70%,        
    10/01/37     800   751,872  
Newark Housing Authority, RB, South        
    Ward Police Facility (AGC):        
        5.75%, 12/01/30     850   910,749  
        6.75%, 12/01/38     500   569,235  
      16,204,038  
State — 49.2%        
Garden State Preservation Trust, RB        
    (AGM):        
        CAB, Series B, 5.11%, 11/01/23 (d)   9,000   5,049,000  
        CAB, Series B, 5.20%, 11/01/25 (d)   10,000   5,036,100  
        Election of 2005, Series A, 5.80%,      
        11/01/21     1,960   2,282,734  

2

BLACKROCK MUNIHOLDINGS NEW JERSEY INSURED FUND, INC.

APRIL 30, 2010


Schedule of Investments (continued)

BlackRock MuniHoldings New Jersey Insured Fund, Inc. (MUJ)
(Percentages shown are based on Net Assets)

  Par    
Municipal Bonds   (000)   Value  
New Jersey (continued)      
State (continued)      
Garden State Preservation Trust, RB      
    (concluded):      
        Election of 2005, Series A, 5.80%,      
        11/01/23   $ 2,730   $ 3,185,910  
Garden State Preservation Trust,      
    Refunding RB, Series C (AGM):      
        5.25%, 11/01/20   5,000   5,967,300  
        5.25%, 11/01/21   7,705   9,217,491  
New Jersey EDA, RB:      
        Cigarette Tax, 5.63%, 6/15/19   2,700   2,700,864  
        Cigarette Tax (Radian), 5.75%,      
        6/15/29   2,000   1,963,480  
        Cigarette Tax (Radian), 5.50%,      
        6/15/31   585   554,206  
        Cigarette Tax (Radian), 5.75%,      
        6/15/34   1,180   1,142,547  
        Liberty State Park Project, Series C      
        (AGM), 5.00%, 3/01/22   2,670   2,859,730  
        Motor Vehicle Surcharge, Series A      
        (NPFGC), 5.25%, 7/01/26   7,500   7,954,275  
        Motor Vehicle Surcharge, Series A      
        (NPFGC), 5.25%, 7/01/33   11,105   11,303,668  
        Motor Vehicle Surcharge, Series A      
        (NPFGC), 5.00%, 7/01/34   2,000   1,958,640  
        School Facilities Construction,      
        Series L (AGM), 5.00%, 3/01/30   9,000   9,311,670  
        School Facilities Construction,      
        Series O, 5.25%, 3/01/23   1,420   1,522,893  
        School Facilities Construction,      
        Series Z (AGC), 6.00%, 12/15/34   2,800   3,168,508  
        School Facilities, Series U (AMBAC),      
        5.00%, 9/01/37   2,500   2,550,600  
        State Office Buildings Projects      
        (AMBAC), 6.00%, 6/15/10 (a)   3,000   3,021,330  
        State Office Buildings Projects      
        (AMBAC), 6.25%, 6/15/10 (a)   4,620   4,654,327  
New Jersey EDA, Refunding RB, School      
    Facilities Construction, Series N-1      
    (NPFGC), 5.50%, 9/01/27   1,000   1,110,460  
New Jersey Educational Facilities      
    Authority, RB, Series A (a):      
        Capital Improvement Fund (AGM),      
        5.75%, 9/01/10   9,420   9,593,234  
        Higher Education Capital      
        Improvement (AMBAC), 5.13%,      
        9/01/12   5,500   6,045,600  
New Jersey Sports & Exposition      
    Authority, RB, Series A (NPFGC),      
    6.00%, 3/01/13   2,400   2,410,392  
New Jersey Sports & Exposition      
    Authority, Refunding RB (NPFGC):      
        5.50%, 3/01/21   5,890   6,647,690  
        5.50%, 3/01/22   3,000   3,386,070  

  Par    
Municipal Bonds   (000)               Value  
New Jersey (continued)      
State (concluded)      
New Jersey Transportation Trust Fund      
    Authority, RB:      
        CAB, Transportation System, Series      
        C (AGM), 4.72%, 12/15/32 (d)   $ 4,050   $ 1,159,799  
        CAB, Transportation System, Series      
        C (AMBAC), 5.05%, 12/15/35 (d)   1,400   300,202  
        CAB, Transportation System, Series      
        C (AMBAC), 5.05%, 12/15/36 (d)   5,500   1,104,895  
        Transportation System, Series A,      
        6.00%, 6/15/10 (a)   5,000   5,035,550  
        Transportation System, Series A      
        (AGC), 5.63%, 12/15/28   2,000   2,230,360  
        Transportation System, Series D      
        (AGM), 5.00%, 6/15/19   7,800   8,354,502  
New Jersey Transportation Trust Fund      
    Authority, Refunding RB:      
        Transportation System, Series A      
        (AGM), 5.25%, 12/15/20   10,750   12,103,747  
        Transportation System, Series B      
        (NPFGC), 5.50%, 12/15/21   9,165   10,479,444  
State of New Jersey, COP, Equipment      
    Lease Purchase, Series A, 5.25%,      
    6/15/27   1,080   1,131,775  
    156,498,993  
Tobacco — 1.8%      
Tobacco Settlement Financing Corp.      
    New Jersey, RB, 7.00%, 6/01/13 (a)   4,755   5,591,690  
Transportation — 18.8%      
Delaware River Port Authority      
    Pennsylvania & New Jersey,      
    RB (AGM):      
        5.50%, 1/01/12   5,000   5,018,350  
        5.63%, 1/01/13   6,000   6,022,740  
Delaware River Port Authority, RB, Port      
    District Project, Series B (AGM),      
    5.63%, 1/01/26   2,425   2,427,328  
New Jersey State Turnpike Authority,      
    RB, Growth & Income Securities,      
    Series B (AMBAC), 6.34%,      
    1/01/35 (d)   7,615   6,102,966  
New Jersey State Turnpike Authority,      
    Refunding RB:      
        Series A (AGM), 5.25%, 1/01/29   2,000   2,261,400  
        Series A (AGM), 5.25%, 1/01/30   4,000   4,523,640  
        Series A (BHAC), 5.25%, 1/01/29   500   580,905  
        Series C (NPFGC), 6.50%, 1/01/16   910   1,075,911  
        Series C (NPFGC), 6.50%,      
        1/01/16 (c)   4,355   5,036,906  
        Series C-2005 (NPFGC), 6.50%,      
        1/01/16 (c)   255   314,512  
New Jersey Transportation Trust Fund      
    Authority, RB:      
        Transportation System, Series A      
        (AMBAC), 5.00%, 12/15/32   1,425   1,456,635  

BLACKROCK MUNIHOLDINGS NEW JERSEY INSURED FUND, INC.

APRIL 30, 2010

3


Schedule of Investments (continued)

BlackRock MuniHoldings New Jersey Insured Fund, Inc. (MUJ)

(Percentages shown are based on Net Assets)

      Par    
Municipal Bonds     (000)               Value  
New Jersey (concluded)        
Transportation (concluded)        
New Jersey Transportation Trust Fund      
    Authority, RB (concluded):        
        Transportation System, Series C,        
        5.50%, 6/15/13 (a)   $ 780   $ 885,058  
Port Authority of New York & New        
    Jersey, RB, Special Project, JFK        
    International Air Terminal, Series 6,        
    AMT (NPFGC):        
        6.25%, 12/01/11     13,500   13,995,450  
        6.25%, 12/01/15     1,500   1,584,345  
        5.75%, 12/01/25     3,000   2,992,140  
Port Authority of New York & New        
    Jersey, Refunding RB, Consolidated,      
    152nd Series, AMT, 5.75%,        
    11/01/30     5,175   5,526,848  
      59,805,134  
Utilities — 4.3%        
Atlantic Highlands Highland Regional        
    Sewage Authority, Refunding RB        
    (NPFGC), 5.50%, 1/01/20     1,875   1,941,113  
Essex County Utilities Authority,        
    Refunding RB (AGC), 4.13%, 4/01/22   2,000   2,038,560  
New Jersey EDA, RB, Series A, American      
    Water, AMT (AMBAC), 5.25%,        
    11/01/32     3,000   2,918,940  
North Hudson Sewerage Authority,        
    Refunding RB, Series A (NPFGC),        
    5.13%, 8/01/20     4,335   4,494,311  
Rahway Valley Sewerage Authority, RB,      
    CAB, Series A (NPFGC), 4.79%,        
    9/01/28 (d)     6,600   2,388,408  
      13,781,332  
Total Municipal Bonds in New Jersey       431,773,694  
Puerto Rico — 8.9%        
Health — 1.1%        
Puerto Rico Industrial Tourist        
    Educational Medical & Environmental      
    Control Facilities Financing        
    Authority, RB, Series A:        
        Hospital Auxilio Mutuo Obligation        
        Group (NPFGC), 6.25%, 7/01/24     1,780   1,781,549  
        Hospital De La Concepcion,        
        6.50%, 11/15/20     1,750   1,800,435  
      3,581,984  
Housing — 0.2%        
Puerto Rico Commonwealth        
    Infrastructure Financing Authority, RB,      
    CAB, Series A (AMBAC), 4.36%,        
    7/01/37 (d)     4,000   635,320  

      Par    
Municipal Bonds     (000)   Value  
Puerto Rico (concluded)        
State — 2.7%        
Puerto Rico Housing Finance Authority,      
    Refunding RB, Subordinate, Capital      
    Fund Modernization,        
    5.13%, 12/01/27   $ 6,285    $  6,273,876  
Puerto Rico Public Buildings Authority,      
    Refunding RB, Government Facilities,      
    Series M-3 (NPFGC), 6.00%, 7/01/27     2,125   2,245,487  
      8,519,363  
Transportation — 1.7%        
Puerto Rico Highway & Transportation      
    Authority, Refunding RB, Series CC        
    (AGC), 5.50%, 7/01/31       5,000   5,440,700  
Utilities — 3.2%        
Puerto Rico Aqueduct & Sewer        
    Authority, RB, Senior Lien, Series A        
    (AGC), 5.13%, 7/01/47       6,120   6,143,072  
Puerto Rico Electric Power Authority, RB,      
    Series RR (CIFG), 5.00%, 7/01/28       4,100   4,123,821  
      10,266,893  
Total Municipal Bonds in Puerto Rico       28,444,260  
 Total Municipal Bonds – 144.6%                                             460,217,954  
Municipal Bonds Transferred to Tender      
Option Bond Trusts (e)        
New Jersey — 7.1%        
Housing — 1.6%        
New Jersey State Housing & Mortgage      
    Finance Agency, RB, Capital Fund        
    Program, Series A (AGM),        
    5.00%, 5/01/27       4,790   5,158,926  
State — 3.6%        
Garden State Preservation Trust, RB,        
    Election of 2005, Series A (AGM),        
    5.75%, 11/01/28       9,160   11,282,555  
Transportation — 1.9%        
Port Authority of New York & New        
    Jersey, Refunding RB, Consolidated,      
    152nd Series, AMT, 5.25%,        
    11/01/35       5,998   6,127,590  
Total Municipal Bonds Transferred to      
Tender Option Bond Trusts – 7.1%       22,569,071  
Total Long-Term Investments        
(Cost – $467,159,638) – 151.7%       482,787,025  

4

BLACKROCK MUNIHOLDINGS NEW JERSEY INSURED FUND, INC.

APRIL 30, 2010


Schedule of Investments (concluded)

BlackRock MuniHoldings New Jersey Insured Fund, Inc. (MUJ)

(Percentages shown are based on Net Assets)

  Par    
Short-Term Securities   (000)                   Value  
Puerto Rico — 1.6%      
Commonwealth of Puerto Rico, GO,      
    Refunding, VRDN, Series B-4 (FSA),      
    0.32%, 5/07/10 (h)   $ 5,000   $ 5,000,000  
  Shares    
Money Market Fund — 3.3%      
CMA New Jersey Municipal Money Fund,      
    0.04% (f)(g)   10,646,108   10,646,108  
Total Short-Term Securities      
(Cost – $15,646,108) – 4.9%     15,646,108  
Total Investments      
(Cost – $482,805,746*) – 156.6%     498,433,133  
Other Assets Less Liabilities – 1.8%     5,877,492  
Liability for Trust Certificates, Including Interest    
Expense and Fees Payable – (4.2)%     (13,281,823)  
Preferred Shares, at Redemption Value – (54.2)%   (172,713,733)  
Net Assets Applicable to Common Shares – 100.0%   $ 318,315,069  

* The cost and unrealized appreciation (depreciation) of investments as of

April 30, 2010, as computed for federal income tax purposes, were as

Aggregate follows: cost   $ 469,542,816  
Gross unrealized appreciation   $ 18,544,429  
Gross unrealized depreciation   (2,917,042)  
Net unrealized appreciation   $ 15,627,387  

(a) US government securities, held in escrow, are used to pay interest on this
security as well as to retire the bond in full at the date indicated, typically
at a premium to par.
(b) Represents a step-up bond that pays an initial coupon rate for the first
period and then a lower coupon rate for the following periods. Rate
shown reflects the current yield.
(c) Security is collateralized by Municipal or US Treasury obligations.
(d) Represents a zero-coupon bond. Rate shown reflects the current yield as
of report date.
(e) Securities represent bonds transferred to a tender option bond trust in
exchange for which the Fund acquired residual interest certificates.
These securities serve as collateral in a financing transaction.
(f) Investments in companies considered to be an affiliate of the Fund
during the period, for purposes of Section 2(a)(3) of the Investment
Company Act of 1940, were as follows:

  Shares Held     Shares Held    
  at July 31,   Net   at April 30,    
Affiliate   2009   Activity   2010   Income  
CMA New Jersey          
    Municipal          
    Money Fund   3,311,943   7,334,165   10,646,108   $1,327  

(g) Represents the current yield as of report date.
(h) Variable rate security. Rate shown is as of report date and maturity
shown is the date the principal owed can be recovered through demand.

• Fair Value Measurements - Various inputs are used in determining the fair
value of investments, which are as follows:

•Level 1 — price quotations in active markets/exchanges for identical
assets and liabilities

•Level 2 — other observable inputs (including, but not limited to: quoted
prices for similar assets or liabilities in markets that are active, quoted
prices for identical or similar assets or liabilities in markets that are not
active, inputs other than quoted prices that are observable for the
assets or liabilities (such as interest rates, yield curves, volatilities,
prepayment speeds, loss severities, credit risks and default rates) or
other market-corroborated inputs)

•Level 3 — unobservable inputs based on the best information available
in the circumstances, to the extent observable inputs are not available
(including the Fund's own assumptions used in determining the fair
value of investments)

The inputs or methodologies used for valuing securities are not necessarily
an indication of the risk associated with investing in those securities. For
information about the Fund's policy regarding valuation of investments and
other significant accounting policies, please refer to the Fund’s most recent
financial statements as contained in its semi-annual report.

The following table summarizes the inputs used as of April 30, 2010 in
determining the fair valuation of the Fund's investments:

Investments in Securities

Valuation Inputs   Level 1       Level 2   Level 3   Total  
Assets:          
Long-Term          
  Investments 1   —     $ 482,787,025             —    $  482,787,025  
Short-Term          
  Securities   $ 10,646,108   5,000,000               15,646,108  
Total   $ 10,646,108   $ 487,787,025             —    $  498,433,133  

1 See above Schedule of Investments for values in each sector.

BLACKROCK MUNIHOLDINGS NEW JERSEY INSURED FUND, INC.

APRIL 30, 2010

5


Item 2 – Controls and Procedures

2(a) – The registrant's principal executive and principal financial officers or persons performing similar
functions have concluded that the registrant's disclosure controls and procedures (as defined in Rule
30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as
of a date within 90 days of the filing of this report based on the evaluation of these controls and
procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13(a)-15(b) under the Securities
Exchange Act of 1934, as amended.

2(b) – There were no changes in the registrant's internal control over financial reporting (as defined in Rule
30a-3(d) under the 1940 Act) that occurred during the registrant's last fiscal quarter that have
materially affected, or are reasonably likely to materially affect, the registrant's internal control over
financial reporting.

Item 3 – Exhibits

Certifications – Attached hereto

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company
Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

BlackRock MuniHoldings New Jersey Insured Fund, Inc.

By: /s/ Anne F. Ackerley
Anne F. Ackerley
Chief Executive Officer of
BlackRock MuniHoldings New Jersey Insured Fund, Inc.

Date: June 28, 2010

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company
Act of 1940, this report has been signed below by the following persons on behalf of the registrant
and in the capacities and on the dates indicated.

By: /s/ Anne F. Ackerley
Anne F. Ackerley
Chief Executive Officer (principal executive officer) of
BlackRock MuniHoldings New Jersey Insured Fund, Inc.

Date: June 28, 2010

By: /s/ Neal J. Andrews
Neal J. Andrews
Chief Financial Officer (principal financial officer) of
BlackRock MuniHoldings New Jersey Insured Fund, Inc.

Date: June 28, 2010


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