State Codes and Statutes

Statutes > New-jersey > Title-43 > Section-43-16a > 43-16a-57

43:16A-57.  Transfer of reserves and moneys held by insurance carrier under  group life insurance contracts
    All reserves and moneys held by the insurance carrier under group life insurance contracts providing for employee contributions pursuant to the provisions of chapter 241 of the laws of 1964, and any amendments and supplements thereto, shall be transferred and merged with those purchased by the State Treasurer.

     L.1964, c. 241, s. 24, eff. Jan. 1, 1965.  Amended by L.1967, c. 250, s. 21, eff. Dec. 18, 1967.