17:3C-1 - Prohibition; exceptions - New Jersey Statutes

17:3C-1.  Prohibition;  exceptions
    No banking institution, as said term is defined in section 1 of the Banking  Act of 1948 (C. 17:9A-1), bank holding company, savings and loan association,  credit union or any other lending institution which regularly accepts deposits  from New Jersey residents not regularly employed by said lending institution or  its affiliates or any parent company, subsidiary, affiliate or member bank of  any thereof, shall be licensed or admitted to transact in this State, directly  or indirectly, any class of insurance except credit life insurance, credit  accident and health insurance, group creditor insurance, group mortgage  cancellation life insurance, or group mortgage accident and health insurance.     L.1975, c. 346, s. 1, eff. March 3, 1976.