43:6A-22. Qualifications for life insurance company
Any life insurance company must meet the following requirements in order to qualify under section 21:
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.1973, c. 140, s. 22, eff. May 22, 1973.
Section: Previous 43-6a-16.2 43-6a-17 43-6a-17.1 43-6a-18 43-6a-19 43-6a-20 43-6a-21 43-6a-22 43-6a-23 43-6a-24 43-6a-25 43-6a-26 43-6a-27 43-6a-28 43-6a-29 Next
Last modified: October 11, 2016