State Codes and Statutes

Statutes > New-jersey > Title-17 > Section-17-18 > 17-18-10

17:18-10.  Advertisement of assets to include liabilities
    When an insurance company doing business in this state advertises its assets, it shall, in the same connection and equally conspicuously, advertise its liabilities, the same to be determined in the manner required in making the  annual statements to the commissioner.  All advertisements purporting to show  the capital of the company shall exhibit only the amount of capital actually  paid in cash.  In the case of a company organized under the laws of a foreign  country, its assets shall be considered to be only the amounts deposited with  the officials of the several states of the union or held by trustees in the  United States for the benefit of the policyholders and creditors of the company  in the United States.  All policies, renewals, signs, circulars, cards, or  other means by which public announcements are made, shall be held to be  advertisements within the meaning of this section.
 

State Codes and Statutes

Statutes > New-jersey > Title-17 > Section-17-18 > 17-18-10

17:18-10.  Advertisement of assets to include liabilities
    When an insurance company doing business in this state advertises its assets, it shall, in the same connection and equally conspicuously, advertise its liabilities, the same to be determined in the manner required in making the  annual statements to the commissioner.  All advertisements purporting to show  the capital of the company shall exhibit only the amount of capital actually  paid in cash.  In the case of a company organized under the laws of a foreign  country, its assets shall be considered to be only the amounts deposited with  the officials of the several states of the union or held by trustees in the  United States for the benefit of the policyholders and creditors of the company  in the United States.  All policies, renewals, signs, circulars, cards, or  other means by which public announcements are made, shall be held to be  advertisements within the meaning of this section.
 

State Codes and Statutes

State Codes and Statutes

Statutes > New-jersey > Title-17 > Section-17-18 > 17-18-10

17:18-10.  Advertisement of assets to include liabilities
    When an insurance company doing business in this state advertises its assets, it shall, in the same connection and equally conspicuously, advertise its liabilities, the same to be determined in the manner required in making the  annual statements to the commissioner.  All advertisements purporting to show  the capital of the company shall exhibit only the amount of capital actually  paid in cash.  In the case of a company organized under the laws of a foreign  country, its assets shall be considered to be only the amounts deposited with  the officials of the several states of the union or held by trustees in the  United States for the benefit of the policyholders and creditors of the company  in the United States.  All policies, renewals, signs, circulars, cards, or  other means by which public announcements are made, shall be held to be  advertisements within the meaning of this section.