17:29B-1. Declaration of purpose
82 words·~1 min read·
/nj/title-17/chapter-29b/17-29b-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The purpose of this act is to regulate trade practices in the business of insurance in accordance with the intent of Congress as expressed in the Act of Congress of March 9, 1945 (Public Law 15, 79th Congress), by defining, or providing for the determination of, all such practices in this State which constitute unfair methods of competition or unfair or deceptive acts or practices and by prohibiting the trade practices so defined or determined.
L.1947, c. 379, p. 1200, s. 1.