New Jersey Statutes
§ 53:5A-17 — Qualifications of life insurance companies
New Jersey·Title 53 STATE POLICE
Any life insurance company must meet the following requirements in order to qualify under section 16: a. be licensed under the laws of the State of New Jersey to transact life and accidental death insurance, and b. 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.1965, c. 89, s. 17.
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Nearby Sections
15
§ 53:5A-1
Repeals§ 53:5A-10
1 Permanent and total disability.§ 53:5A-12
Death benefits.§ 53:5A-14.1
Pension benefits under former section 53:5-5 discontinued by remarriage of mother; right to receive benefits§ 53:5A-15.3
Eligibility of beneficiary of retirant to death benefit; minimum amount of monthly allowance or benefit