N.J. Stat. § 43:6A-22

Current through L. 2024, c. 87.

Section 43:6A-22 - Qualifications for life insurance company

Any life insurance company must meet the following requirements in order to qualify under section 21:

a. be licensed under the laws of the State of New Jersey to transact life and accidental death insurance; and

b. the amount of its group life insurance in the State of New Jersey shall at the time said insurance is to be purchased equal at least 1% of the total amount of such group life insurance in the State of New Jersey in all life insurance companies.

N.J.S. § 43:6A-22

L.1973, c.140, s.22, eff. 5/22/1973.