17B:30-11. Interlocking directorate
37 words·~1 min read·
/nj/title-17b/chapter-30/17b-30-11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No person shall be a director of 2 or more competing insurers so as to substantially lessen competition generally in the business of insurance or annuity or to create a monopoly therein.
L.1971, c. 144, s. 17B:30-11.