43:15A-89 - Requirements of insurance company - New Jersey Statutes

43:15A-89.  Requirements of insurance company    Any life insurance company must meet the following requirements in order to  qualify under section 1 of this act;  (a) be licensed under the laws of the  State of New Jersey to transact life and accidental death insurance, and (b)  the amount of its group life insurance in the State of New Jersey other than  group creditors insurance shall at the time said insurance is to be purchased  equal at least 1% of the total amount of such group life insurance in the State  of New Jersey in all life insurance companies.

     L.1955, c. 214, p. 830, s. 2.