18A:66-75 - Requirements for insurance company to qualify
18A:66-75.Ā Requirements for insurance company to qualify
Any life insurance company must meet the following requirements in order toĀ qualify under section 18A:66-74: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 shall at the timeĀ said insurance is to be purchased equal at least 1% of the total amount of suchĀ group life insurance in the state of New Jersey in all life insuranceĀ companies.
Ā
L.1967, c.271.
Any life insurance company must meet the following requirements in order toĀ qualify under section 18A:66-74: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 shall at the timeĀ said insurance is to be purchased equal at least 1% of the total amount of suchĀ group life insurance in the state of New Jersey in all life insuranceĀ companies.
Ā
L.1967, c.271.