17B:17-12. Certificate of authority; license defined
71 words·~1 min read·
/nj/title-17b/chapter-17/17b-17-12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
a. A "certificate of authority is a certificate issued by the commissioner evidencing the authority of an insurer to transact insurance in this State.
b. A "license" is authority granted by the commissioner pursuant to this code authorizing the licensee to engage in a business or operation of insurance in this State as an agent, broker, or solicitor, as the case may be, and the written evidence of such authority.
L.1971,c.144.