State Codes and Statutes

Statutes > New-jersey > Title-18a > Section-18a-66 > 18a-66-119

18A:66-119.  Qualifications of life insurance companies to issue group insurance policies
    Any life insurance company must meet the following requirements in order to  qualify under section 18A:66-118:  (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 other than group  creditors insurance 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.1967, c.271.