New Jersey § 17B:28A-3 Undertaking or continuance;  approval of commissioner; rules and regulations

New Jersey Statutes

§ 17B:28A-3 — Undertaking or continuance; approval of commissioner; rules and regulations

New Jersey § 17B:28A-3

Title 17BINSURANCE

This text of New Jersey § 17B:28A-3 (Undertaking or continuance; approval of commissioner; rules and regulations) 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. § 17B:28A-3 (2026).

Text

No domestic insurer shall undertake or continue the issuance of any such insurance unless the commissioner is satisfied that the condition or methods of operation of such domestic insurer in connection with the issuance of policies of such insurance is not such as to render its operation hazardous to the public or its policyholders. The commissioner may adopt rules and regulations as may be reasonable and appropriate to carry out the purposes hereof, including the establishment of limitations on the amount of liabilities under such policies that might be assumed by the domestic insurer. L.1977, c. 374, s. 3, eff. Feb. 8, 1978.

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No domestic insurer shall undertake or continue the issuance of any such insurance unless the commissioner is satisfied that the condition or methods of operation of such domestic insurer in connection with the issuance of policies of such insurance is not such as to render its operation hazardous to the public or its policyholders. The commissioner may adopt rules and regulations as may be reasonable and appropriate to carry out the purposes hereof, including the establishment of limitations on the amount of liabilities under such policies that might be assumed by the domestic insurer. L.1977, c. 374, s. 3, eff. Feb. 8, 1978.