17B:35-7 - Insurer organized under any repealed act; continuance of existence and rights - New Jersey Statutes

17B:35-7.  Insurer organized under any repealed act;  continuance of existence and rights
    The repeal by this code of the whole or any part of any act under which there was organized any insurer in existence on the effective date of this code  shall not work a dissolution of such insurer, but the existence of such insurer  and the tenure of its officers and directors shall be preserved and such  insurer, its officers, directors and policyholders shall have the same rights  and shall be subject to the same limitations, restrictions, liabilities and  penalties as those prescribed by this code for insurers organized under this  code, their officers, directors and policyholders.

     L.1971, c. 144, s. 17B:35-7.