43:16A-57 Transfer, merger of certain reserves, moneys.
58 words·~1 min read·
/nj/title-43/chapter-16a/43-16a-57·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
24. All reserves and moneys held by the insurance carrier under group life insurance contracts providing for employee contributions pursuant to the provisions of P.L.1964, c.241 (C.43:16A-11.1 et al.), and any amendments and supplements thereto, shall be transferred and merged with those purchased by the board of trustees.
L.1964, c.241, s.24; amended 1967, c.250, s.21; 2018, c.55, s.31.