State Codes and Statutes

Statutes > New-jersey > Title-18a > Section-18a-66 > 18a-66-75

18A:66-75.  Requirements for insurance company to qualify
    Any life insurance company must meet the following requirements in order to  qualify under section 18A:66-74:  (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.1967, c.271.