N.J. Stat. § 43:16A-54
Qualifications of life insurance companies
New Jersey · New Jersey Statutes Title 43 — Pensions and Retirement and Unemployment Compensation · Status: effective
Cite this
- Citation
- N.J. Stat. § 43:16A-54, Qualifications of life insurance companies, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1471500
- Permanent ID
ys:prov:1471500@1- SHA-256
8f70fce73247bdc1913eeb408802a92a154367a0af8515d25c7702d5b793dd0b
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full 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.