43:6A-22 - Qualifications for life insurance company
43:6A-22.Ā Qualifications for life insurance company
Any life insurance company must meet the following requirements in order toĀ qualify under section 21:
a.Ā be licensed under the laws of the State of New Jersey to transact life and accidental death insurance;Ā and
b.Ā the amount of its group life insurance in the State of New Jersey shallĀ at the time said insurance is to be purchased equal at least 1% of the totalĀ amount of such group life insurance in the State of New Jersey in all lifeĀ insurance companies.
L.1973, c. 140, s. 22, eff. May 22, 1973.
Any life insurance company must meet the following requirements in order toĀ qualify under section 21:
a.Ā be licensed under the laws of the State of New Jersey to transact life and accidental death insurance;Ā and
b.Ā the amount of its group life insurance in the State of New Jersey shallĀ at the time said insurance is to be purchased equal at least 1% of the totalĀ amount of such group life insurance in the State of New Jersey in all lifeĀ insurance companies.
L.1973, c. 140, s. 22, eff. May 22, 1973.