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2022 New Jersey Revised Statutes
Title 17 - Corporations and Institutions for Finance and Insurance
Section 17:48E-46.8 - Non-obligation of distribution payment to members, policyholders
Universal Citation: NJ Rev Stat § 17:48E-46.8 (2022)
17:48E-46.8. Non-obligation of distribution payment to members, policyholders
8. Neither the adoption nor the implementation of a plan of mutualization and reorganization shall be deemed to give rise to any obligation by or on behalf of any entity in the mutual holding company system or any predecessor entity to make any distribution or payment to any member or policyholder, or to any other person, fund, or entity of any nature whatsoever, in connection with the ownership, control, benefits, policies, purpose, or nature of any entity in the mutual holding company system, any predecessor entity or otherwise.
L.2020, c.145, s.8.
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