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Code · New Jersey · Title 18A — Education · Chapter 66

18A:66-75. Requirements for insurance company to qualify

86 words·~1 min read·/nj/title-18a/chapter-66/18a-66-75

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Any life insurance company must meet the following requirements in order to qualify under section 18A:66-74:
(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.1967, c.271.
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