New Jersey Statutes
§ 17:32-16 — Remedial legislation; liberal construction
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
This act is deemed and declared to be remedial legislation for the protection of the health and welfare of persons resident in this State by subjecting nonadmitted insurers which solicit, insure, or cause to be solicited such resident persons to the laws which govern all foreign insurers which do business in the State of New Jersey. This act shall be liberally construed to effectuate its purpose and intent. L.1968, c. 234, s. 1, eff. July 31, 1968.
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Nearby Sections
15
§ 17:32-14
Revocation of authority to do business§ 17:32-15
Retaliatory taxation of foreign insurers§ 17:32-17
Definitions§ 17:32-2
Prerequisites to admission§ 17:32-21
Nonapplicability of act.§ 17:32-22
Partial invalidity§ 17:32-3
Deposit company of foreign country