17:23-20 - Purpose of act - New Jersey Statutes

17:23-20.    Purpose of act 
    1.   The purpose of this act is to provide an effective and efficient system for examining the activities, operations, financial condition and affairs of all persons transacting the business of insurance in this State and all persons otherwise subject to the jurisdiction of the commissioner.  The provisions of this act are intended to enable the commissioner to adopt a flexible system of examinations which directs resources as may be deemed appropriate and necessary for the administration of the insurance and insurance related laws of this State. 

   L.1993,c.236,s.1.