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

17:35-21. Inquiries concerning affairs The commissioner may address any inquiries he deems proper to any corporation or association authorized to do business in this state under the provisions of this article in relation to its business or condition, and its officers shall prompt…

17:35-22. Principal office and agent Every corporation or association authorized to do business in this state under this article shall designate some place within the state as the principal office therein of the corporation, and a person residing in the municipality where the off…

17:35-23. "Agent" defined; penalty for acting as agent without authority Whoever solicits, procures or receives in or transmits from this State an application other than his own, for membership or insurance in a corporation or association included in section 17:35-18 of this Titl…

17:35-24. Revocation of authority If the commissioner is satisfied that the corporation or association is not paying in full the maximum amount named in its policies or certificates, or that it is conducting its business fraudulently, or that it is not carrying out its contracts …

17:35-25. Fees Every foreign corporation or association admitted to transact business under this article shall pay fees, as follows: Filing the certified copy of its charter or articles of incorporation, twenty dollars. Filing the preliminary statement on admission, twenty dollar…

17:35-26. Policy or certificate forms, classification of risks and premiums or rates of contribution; filing with Commissioner; disapproval of forms, review No policy or certificate or endorsement thereto granting benefits in the event of death, sickness, or bodily injury or deat…

17:35-27. Policy or certificate granting natural death benefit No policy or certificate granting a natural death benefit shall be issued by any domestic company or association or shall be issued or delivered in this State to any resident thereof by any foreign company or associat…

17:35-28. Policy or certificate granting sickness, bodily injury or accidental death benefits No policy or certificate granting benefits in the event of sickness or bodily injury or death by accident, or any of them, shall be issued or delivered in this State to any resident ther…

17:35-29. Policy or certificate requirements generally No policy or certificate shall be issued by any domestic company or association or shall be issued or delivered in this State to any resident thereof by any foreign company or association unless there shall be printed conspic…

17:35-3. Commencing business No such corporation shall commence the business of insurance until at least three hundred persons have subscribed in writing to be insured therein in the aggregate amount of at least three hundred thousand dollars, and have each paid in two per cent o…

17:35-30. Reserve on policies or certificates granting natural death benefits Every assessment insurance company or association authorized to transact business in this State shall maintain a reserve on every policy or certificate granting natural death benefits issued by such com…

17:35-31. Penalty for violations; revocation of certificate of authority Any assessment company or association or any officer or agent thereof which or who issues or delivers to any person in this State any policy or certificate in willful violation of the provisions of this act …

17:35-4. No new corporations after May 1, 1935; law applicable to corporations doing other business No such corporations shall be incorporated after the first day of May, one thousand nine hundred and thirty-five, to transact the business of life insurance on the assessment plan.…

17:35-5. Return of securities to companies reincorporating under article The commissioner may return to any company incorporated under the laws of this state prior to March sixth, one thousand nine hundred, which shall have reincorporated under this article, all the securities de…

17:35-6. Reserve or emergency fund Every such life insurance corporation shall accumulate and maintain a reserve or emergency fund of an amount not less than the proceeds of one death assessment or periodical call on all policy or certificate holders, and at least equal to the am…

17:35-7. Directors or trustees The corporation shall have a board of not less than five directors or trustees, a majority of whom shall be residents of this state, and who shall be elected by and from the members at the time and place, and for such period, not exceeding three yea…

17:35-8. Annual report Every life insurance company doing business under this article shall, on or before March first in each year, make and file with the commissioner a report of its affairs and operation during the year ending on December thirty-first immediately preceding, whi…

17:35-9. Examinations; inquiries All corporations to which this article is applicable, with their books, papers and vouchers, shall be subject to visitation and inspection by the commissioner, or by a person he designates. The commissioner may address any inquiries to the corpora…

17:35A-14. Regulation; exemption from Uniform Securities Law The Commissioner of Insurance shall have sole and exclusive authority to regulate the issuance and sale of contracts on a variable basis; and such contracts, the companies which issue them and the agents or other person…

17:35B-14. Repeal Sections 17:34-18, 17:34-28, 17:34-29, 17:34-30 of the Revised Statutes and section 5 of chapter 237 of the laws of 1951 (C. 17:38-13.4) are hereby repealed. L.1968, c. 318, s. 14, eff. Oct. 7, 1968.

17:35C-1. Definitions 1. For the purposes of this act: a. "Applicant" means: (1) In the case of an individual medicare supplement subscriber contract, the person who seeks to contract for service corporation benefits, and (2) In the case of a group medicare supplement subscriber …

17:35C-10. Applicability of C.17:35C-1 et seq. 1. Except as otherwise specifically provided: a. The provisions of P.L.1982, c.95 (C.17:35C-1 et seq.) shall apply to all medicare supplement contracts and subscriber certificates delivered or issued for delivery in this State. b. Th…

17:35C-11. Filing of copy of advertising materials promoting medicare supplement contracts 8. a. Every service corporation shall file with the Department of Insurance a copy of all advertising materials to be used in promoting medicare supplement contracts to which residents of t…

17:35C-12. Penalties 9. In addition to any other applicable penalties for violation of the provisions of R.S.17:17-1 et seq., the commissioner may require service corporations violating the provisions of P.L.1982, c.95 (C.17:35C-1 et seq.) to cease marketing any medicare suppleme…

17:35C-2. Contract provisions; regulations The commissioner shall issue regulations to establish specific standards for contract provisions of medicare supplement contracts, which shall be in addition to and in accordance with applicable laws of this State, and may cover, but sha…

17:35C-3. Prohibited provisions 3. a. No medicare supplement contract shall contain benefits which duplicate any benefits provided by medicare. b. The commissioner may issue regulations that specify prohibited contract provisions not otherwise specifically authorized by statute w…

17:35C-4. Preexisting condition; denial of claim Notwithstanding any other provision of law of this State to the contrary, a medicare supplement contract may not deny a claim for losses incurred more than 6 months from the effective date of coverage for a preexisting condition. T…

17:35C-5. Regulations 5. The commissioner shall promulgate regulations to effectuate and enforce the provisions of P.L.1982, c.95 (C. 17:35C-1 et seq.) and any regulations which are necessary to conform medicare supplement contracts and certificates with federal law. These regula…

17:35C-6. Requirements for medicare supplement contract forms, rates 6. a. No service corporation shall deliver or issue for delivery to a resident of this State a medicare supplement contract unless it has filed with the commissioner a copy of the contract or certificate and a c…

17:35C-7. Outline of coverage 7. a. In order to provide for full and fair disclosure in the sale of medicare supplement contracts, no medicare supplement contract or certificate shall be delivered or issued for delivery in this State, unless an outline of coverage is delivered to…

17:35C-8. 30-day examination period; refunds 8. Medicare supplement contracts or certificates shall have a notice prominently printed on the first page of the contract or certificate or attached thereto stating in substance that the applicant shall have the right to return the co…

17:35C-9. Application to hospital service corporations Notwithstanding the provisions of section 17 of P.L. 1938, c. 366 (C. 17:48-17), the provisions of this act shall apply to hospital service corporations established pursuant to P.L. 1938, c. 366 (C. 17:48-1 et seq.). L.1982, …

17:36-10. Payment of demolition costs, liens Unless a resolution is received in accordance with section 4 of this act by an insurance company writing fire insurance policies in any municipality having adopted an ordinance pursuant to section 2 of this act, such insurance company …

17:36-11. Resolution of agreement with owner to pay liens or costs in installments; authorization for payment of claim in full The governing body of the municipality in which the fire damaged property is located may enter into agreement with the owner of any fire damaged property…

17:36-12. Priority of municipal claim; subordination to mortgage; limitation on liability of insurer; enforcement of lien under other law A municipal claim made in accordance with the provisions of this act shall be paramount to any other claims on the proceeds of the fire insura…

17:36-13. Fire insurance policies subject to act In addition to the standard provisions for fire insurance policies set forth in section 6 of P.L.1953, c. 268 (C. 17:36-5.20), every fire insurance policy issued on property situated in a municipality having adopted and filed an ap…

17:36-14. Definitions For the purposes of this act: a. "Authorized agency" means any law enforcement agency or agency or instrumentality of this State, county or municipality or of the Federal Government which is charged with the responsibility of investigating fires; b. "Relevan…

17:36-15. Release to and cooperation with authorized agency by insurer An authorized agency may request in writing that an insurer release to it any information which is relevant to a loss by fire of real or personal property which is under investigation by the agency. The insure…

17:36-16. Belief by insurer fire loss due to other than accidental cause; notice and provision of material to county prosecutor; disposition When an insurer has reason to believe that a fire loss in which it has an interest may be of other than accidental cause, the insurer shall…

17:36-17. Immunity from liability of insurer An insurer, or a person acting on its behalf shall not be held liable in any civil proceeding for any statement made or action required by this act where actual malice on the part of the insurer or its representative is not present. L.…

17:36-18. Disclosure of acquired information by authorized agency a. Any authorized agency which has obtained information from any insurer pursuant to this act may disclose such information to any authorized agency of this or another state, or of the United States to the extent t…

17:36-19. Right of insurer to receive information from authorized agency with respect to civil action Any insurance company providing information to an authorized agency or agencies pursuant to this act shall, with respect to a civil action, have the right to request relevant inf…

17:36-2. Creation; application of; maintenance Any fire insurance company of this state having a net surplus of more than the amount of its capital stock may, by resolution of its board of directors and with the consent of the commissioner, set aside a part or the whole of its ne…

17:36-20. Testimony in litigation by authorized agency or its personnel Any authorized agency or its personnel may be required to testify in any litigation in which the insurer at interest is named as a party. L.1981, c. 45, s. 7, eff. Feb. 19, 1981.

17:36-21. Violations; penalty; collection A person who knowingly: a. Refuses to release information, b. Fails to notify the county prosecutor of a fire loss of which there is reason to believe that it was caused by other than accidental means, or c. Fails to hold information in c…

17:36-5.15. Required statements in policy; copy to be filed with commissioner No policy or contract of fire insurance on any property in this State, except fire insurance on risks subject to the "Commercial Insurance Deregulation Act of 1982," P.L. 1982, c. 114 (C. 17:29AA-1 et s…