™Your Policy Risk Impact Agent
131 chapters · 3,637 sections in this title.
N.J.S.A. 17:17C-1 Definitions regarding domestic mutual life insurers.
4.3K chars
17:17C-1 Definitions regarding domestic mutual life insurers. 1. As used in this act: "Adoption date" means the date as of which the board of directors of the mutual insurer initially approves and adopts the plan of reorganization; "Closed block" means a block of participating bu…
N.J.S.A. 17:17C-10 Status of stock insurer after reorganization.
1.3K chars
17:17C-10 Status of stock insurer after reorganization. 10. Upon the effective date, the mutual insurer shall immediately become a stock insurer, all membership interests shall be extinguished, and the reorganized insurer will act in good faith to convey consideration to policyho…
N.J.S.A. 17:17C-11 Reorganization plan amendments.
0.5K chars
17:17C-11 Reorganization plan amendments. 11. The mutual insurer may, by action of not less than three-fourths of its board of directors, abandon or amend the plan of reorganization at any time before the effective date. No amendment made after the public hearing required by subs…
N.J.S.A. 17:17C-12 Commissioner's rules, regulations.
0.2K chars
17:17C-12 Commissioner's rules, regulations. 12. The commissioner may, in his discretion, promulgate rules and regulations to implement this act. L.1998,c.46,s.12.
