N.J. Admin. Code § 3:37-1.2
The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise.
"Commissioner" means the Commissioner of the New Jersey Department of Banking and Insurance.
"Department" means the New Jersey Department of Banking and Insurance.
"Eligible individual" means a natural person who:
1. Is at least 18 years of age; and
2. Is an account holder who holds a qualified account with the financial institution conducting the savings account promotion.
"Financial institution" means a New Jersey chartered bank, savings bank, savings and loan association, or credit union as defined in N.J.S.A. 17:13-80.c.
"Qualified account" means a savings account, time deposit, share account, share certificate, or other savings program held at a financial institution and bearing interest at a rate comparable to the rate on other such accounts at the financial institution. "Qualified account" includes an account in which the eligible individual has an interest individually or jointly with another natural person. "Qualified account" does not include a tax deferred account, trust account, or any account where the named account holder is not a natural person.
"Savings account promotion" means a raffle conducted by a financial institution in compliance with this chapter.
N.J. Admin. Code § 3:37-1.2