New Jersey Statutes
§ 43:16A-54 — Qualifications of life insurance companies
New Jersey § 43:16A-54
JurisdictionNew Jersey
Title 43PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
This text of New Jersey § 43:16A-54 (Qualifications of life insurance companies) 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. § 43:16A-54 (2026).
Text
Any life insurance company must meet the following requirements in order to qualify under section 1 of this act:
(1)Be licensed under the laws of the State of New Jersey to transact life and accidental death insurance, and (2) The amount of its group life insurance in the State of New Jersey shall at the time said insurance is to be purchased equal at least 1% of the total amount of such group life insurance in the State of New Jersey in all life insurance companies. L.1964, c. 241, s. 21.
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Nearby Sections
15
§ 43:16A-1.1
Reclassified members§ 43:16A-10
Accidental death benefits.§ 43:16A-11.10
Purchase of credit during official leave without pay§ 43:16A-11.3
Members of police and firemen's retirement system; coverage of death benefits; evidence of insurability§ 43:16A-11.5
Application of act§ 43:16A-12
1 Survivors' benefits.§ 43:16A-12.3
Designation of beneficiary; payment of benefitsCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 43:16A-54, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/43/43%3A16A-54.