17B:28A-3 - Undertaking or continuance; approval of commissioner; rules and regulations - New Jersey Statutes

17B:28A-3.  Undertaking or continuance;  approval of commissioner; rules and regulations
    No domestic insurer shall undertake or continue the issuance of any such insurance unless the commissioner is satisfied that the condition or methods of  operation of such domestic insurer in connection with the issuance of policies  of such insurance is not such as to render its operation hazardous to the  public or its policyholders.  The commissioner may adopt rules and regulations  as may be reasonable and appropriate to carry out the purposes hereof,  including the establishment of limitations on the amount of liabilities under  such policies that might be assumed by the domestic insurer.

     L.1977, c. 374, s. 3, eff. Feb. 8, 1978.