New Jersey § 17B:30-10 Stock acquisition, common management

New Jersey Statutes

§ 17B:30-10 — Stock acquisition, common management

New Jersey § 17B:30-10

Title 17BINSURANCE

This text of New Jersey § 17B:30-10 (Stock acquisition, common management) 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:30-10 (2026).

Text

No insurer shall retain, invest in or acquire the whole or any part of the capital stock of any other insurer or insurers, or have a common management with any other insurer or insurers which shall by reason of such retention, investment or acquisition of such capital stock, or common management, substantially lessen competition generally in the business of insurance or annuity or create a monopoly therein. L.1971, c. 144, s. 17B:30-10.

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No insurer shall retain, invest in or acquire the whole or any part of the capital stock of any other insurer or insurers, or have a common management with any other insurer or insurers which shall by reason of such retention, investment or acquisition of such capital stock, or common management, substantially lessen competition generally in the business of insurance or annuity or create a monopoly therein. L.1971, c. 144, s. 17B:30-10.