New Jersey Revised Statutes § 17:22-6.69e - Authority Of Commissioner To Modify, Terminate Compacts, Agreements.

17:22-6.69e Authority of commissioner to modify, terminate compacts, agreements.

5.Notwithstanding any other law to the contrary, the commissioner is authorized, subject to the provisions of section 6 of P.L.2011, c.119 (C.17:22-6.69f), to enter into, modify and to terminate this State's participation in one or more compacts or agreements necessary to implement the federal "Nonadmitted and Reinsurance Reform Act of 2010," Pub.L.111-203 (15 U.S.C. s.8201 et seq.), as authorized by that act, including, but not limited to, the imposition of eligibility requirements or establishment of eligibility criteria for nonadmitted surplus lines insurers.

L.2011, c.119, s.5.

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Last modified: October 11, 2016