18A:66-119 - Qualifications of life insurance companies to issue group insurance policies
18A:66-119.Ā Qualifications of life insurance companies to issue group insurance policies
Any life insurance company must meet the following requirements in order toĀ qualify under section 18A:66-118:Ā (a) be licensed under the laws of the stateĀ of New Jersey to transact life and accidental death insurance, and (b) theĀ amount of its group life insurance in the state of New Jersey other than groupĀ creditors insurance shall at the time said insurance is to be purchased equalĀ at least 1% of the total amount of such group life insurance in the state ofĀ New Jersey in all life insurance companies.
Ā
L.1967, c.271.
Ā
Any life insurance company must meet the following requirements in order toĀ qualify under section 18A:66-118:Ā (a) be licensed under the laws of the stateĀ of New Jersey to transact life and accidental death insurance, and (b) theĀ amount of its group life insurance in the state of New Jersey other than groupĀ creditors insurance shall at the time said insurance is to be purchased equalĀ at least 1% of the total amount of such group life insurance in the state ofĀ New Jersey in all life insurance companies.
Ā
L.1967, c.271.
Ā