Title 17, Title 17: CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

17:47-13. Exception to application of chapter Nothing contained in this chapter shall apply to interinsurers or reciprocal underwriters.

17:47-2. Classes of risks The underwriters when authorized as hereinafter provided may insure classes of risks as follows: a. Against loss or damage to property by fire, lightning or tempest on land. b. Upon vessels, freight, goods, money, effects, bottomry and respondentia inter…

17:47-3. Declaration filed with commissioner The underwriters shall file with the commissioner a declaration, signed and sworn to by their duly authorized attorney or attorneys in fact, setting forth: a. The name or title under which the business is to be conducted, which shall n…

17:47-4. Certificate of authority; examination of underwriters; renewal Upon the filing of the declaration, the commissioner shall examine it, and if it appears to him that all the statements made therein are true and that the rights of the policyholders will be protected thereun…

17:47-5. Additional or substituted underwriters The underwriters applying for a certificate of authority hereunder may, after the issuance of the certificate, be joined by other underwriters, additional or substituted. The other underwriters shall comply with the provisions of th…

17:47-6. Deposit by alien underwriters; exceptions If any of the underwriters applying for the certificate of authority hereunder is not a citizen of the United States, each such alien underwriter shall at the time of the making of the application for a certificate of authority, …

17:47-7. Return of deposits After the conditions of any deposits made under this chapter have been fulfilled and the certificate of authority granted to the underwriters has been canceled or they have voluntarily withdrawn from and have ceased doing business in this state, the co…

17:47-8. Exposure to loss limited No association of underwriters authorized hereunder to do business in this state shall expose themselves to loss on any one risk in excess of ten per cent of their net cash and invested assets and of the underwriting liability of the individual u…

17:47-9. Certain other laws applicable All associations of underwriters authorized hereunder and their representatives and agents shall be subject to the same supervision, required to make the same reports and pay the same taxes and fees, and in other respects subject to the same…