17:50-1 - Exchange of contracts authorized; law exclusive - New Jersey Statutes

17:50-1.  Exchange of contracts authorized;  law exclusive
    Individuals, partnerships, trustees and all corporations of this State, herein designated  "subscribers,"  are hereby authorized to exchange reciprocal  or interinsurance contracts with each other and with individuals, partnerships,  trustees and corporations of other States, districts, provinces and countries,  for any or all of the kinds of business for which a company may be formed or  authorized to transact under the provisions of chapter seventeen of Title 17 of  the Revised Statutes, except life insurance.

    Such contracts and the exchange thereof and such subscribers, their attorneys in fact and representatives shall be regulated by this act, and by no  other statute of this State relating to insurance, except as herein otherwise  provided.

     L.1945, c. 161, p. 554, s. 1.