™Your Policy Risk Impact Agent
131 chapters · 3,637 sections in this title.
N.J.S.A. 17:27A-1 Definitions.
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17:27A-1 Definitions. 1. Definitions. As used in P.L.1970, c.22 (C.17:27A-1 et seq.), the following terms shall have the respective meanings hereinafter set forth, unless the context shall otherwise require: a. An "affiliate" of, or person "affiliated" with, a specific person, is…
N.J.S.A. 17:27A-10 Receivership
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17:27A-10. Receivership Whenever it appears to the commissioner that any person has committed a violation of this chapter which so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its po…
N.J.S.A. 17:27A-10.1 Right to recovery for receiver
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17:27A-10.1. Right to recovery for receiver 9. a. If an order for rehabilitation or liquidation of a domestic insurer has been entered, the receiver appointed under that order shall have a right to recover on behalf of the insurer: (1) from any parent corporation or holding compa…
N.J.S.A. 17:27A-11 Revocation, suspension, or nonrenewal of insurer's license
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17:27A-11. Revocation, suspension, or nonrenewal of insurer's license Whenever it appears to the commissioner that any person has committed a violation of this chapter which makes the continued operation of an insurer contrary to the interests of policyholders or the public, the …
