2021 New Jersey Revised Statutes
Title 53 - State Police
Section 53:5A-17 - Qualifications of life insurance companies

Universal Citation:
NJ Rev Stat § 53:5A-17 (2021)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

53:5A-17. Qualifications of life insurance companies

Any life insurance company must meet the following requirements in order to qualify under section 16:

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.

L.1965, c. 89, s. 17.

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