New Jersey Statutes

§ 17:51-3 — Inapplicability of act

New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

3. The provisions of this act shall not apply to any action or proceeding against any unauthorized insurer arising out of a contract of (a) Reinsurance effectuated in accordance with the laws of New Jersey;

(b)Insurance placed with an unauthorized insurer made eligible for surplus lines by the commissioner pursuant to section 11 of P.L.1960, c.32 (C.17:22-6.45);
(c)Aircraft insurance;
(d)Insurance on property or operations of railroads engaged in interstate commerce;
(e)Insurance against legal liability arising out of the ownership, operation or maintenance of any property having a permanent situs outside of this State; or (f) Insurance against loss of or damage to any property having a permanent situs outside this State; where such contract contains a provision designating the Commiss

Free access — add to your briefcase to read the full text and ask questions with AI

New Jersey § 17:51-3 (Inapplicability of act) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

15
View on official source ↗