17:45A-1 - Mutual benefit association defined - New Jersey Statutes

17:45A-1.  Mutual benefit association defined
    As used herein,  "mutual benefit association"  means a mutual benefit association heretofore or hereafter organized under any law of this State which  (a) has transacted business in this State for not less than 10 years; (b) is  subject to the provisions of chapter 45 of Title 17 of the Revised Statutes as  amended and supplemented;  and (c) possesses a subsisting certificate of  authority to transact business as a mutual benefit association issued by the  Commissioner of Banking and Insurance.

     L.1955, c. 230, p. 889, s. 1.