17B:23-6 - Purpose - New Jersey Statutes

17B:23-6.  Purpose
    Sections 17B:23-6 through 17B:23-11 are deemed and declared to be remedial legislation for the protection of the health and welfare of persons resident in  this State by subjecting nonadmitted insurers which solicit, insure, or cause  to be solicited such resident persons to the laws which govern all foreign  insurers which do business in the State of New Jersey.  These provisions shall  be literally construed to effectuate its purpose and intent.

     L.1971, c. 144, s. 17B:23-6.  Amended by L.1973, c. 22, s. 12, eff. Feb. 8, 1973.