New Jersey Statutes
§ 17:32-18 — Conditions for authority to transact business
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
No insurer organized or existing under the law of another State, or of a foreign country, or any employee, agent or other representative thereof including, without limitation, promotional media, shall by mail or otherwise, transact in any manner, directly or indirectly, the business of insurance within this State unless and until:
(a)Admitted to transact the business of insurance pursuant to the provisions of this chapter; or (b) Specifically permitted by any other law of this State to transact the business of insurance within this State. L.1968,c.234,s.3.
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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