New Jersey Statutes
§ 17B:18-3 — Mutual insurer defined
New Jersey·Title 17B INSURANCE
A domestic mutual insurer is an insurer incorporated in accordance with the laws of this State without permanent capital stock, the governing body of which, except while temporary capital stock is outstanding as provided in section 17B:18-9 and except as provided in section 17B:18-20, is elected by its policyholders. L.1971, c. 144, s. 17B:18-3.
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Nearby Sections
15
§ 17B:18-1
Scope of chapter§ 17B:18-10
Election of directors of mutual insurer pursuant to provision in certificate of incorporation§ 17B:18-11
Nomination of candidates for director§ 17B:18-13
Qualified voters; "policyholder" defined§ 17B:18-16
Canvass of votes; tie vote§ 17B:18-17
Report of result of election§ 17B:18-18
Choosing of directors for mutual life insurers having in excess of ten million policies in force§ 17B:18-2
Stock insurer defined§ 17B:18-22
Elected directors; manner of electing