New Jersey § 17:27B-1 Definitions

New Jersey Statutes

§ 17:27B-1 — Definitions

New Jersey § 17:27B-1

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:27B-1 (Definitions) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 17:27B-1 (2026).

Text

As used in this act, (1) "Domestic insurer" means a stock insurance company organized under the laws of this State;

(2)"Parent corporation" means a corporation organized for any purpose under any law of this State or any other jurisdiction, which owns directly or indirectly at least 95% of the aggregate issued and outstanding shares of all classes of voting stock of a domestic insurer;

(3)"Subsidiary insurer" means a domestic insurer so owned by a parent corporation; and (4) "Commissioner" means the Commissioner of Insurance of New Jersey. L.1971, c. 132, s. 1, eff. May 6, 1971.

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As used in this act, (1) "Domestic insurer" means a stock insurance company organized under the laws of this State; (2) "Parent corporation" means a corporation organized for any purpose under any law of this State or any other jurisdiction, which owns directly or indirectly at least 95% of the aggregate issued and outstanding shares of all classes of voting stock of a domestic insurer; (3) "Subsidiary insurer" means a domestic insurer so owned by a parent corporation; and (4) "Commissioner" means the Commissioner of Insurance of New Jersey. L.1971, c. 132, s. 1, eff. May 6, 1971.