N.J. Stat. § 17:27B-1

Current through L. 2024, c. 87.

Section 17:27B-1 - Definitions

As used in this act,

(1) "Domestic insurer" means a stock insurance company organized under the laws of this State;

(2) "Parent corporation" means a corporation organized for any purpose under any law of this State or any other jurisdiction, which owns directly or indirectly at least 95% of the aggregate issued and outstanding shares of all classes of voting stock of a domestic insurer;

(3) "Subsidiary insurer" means a domestic insurer so owned by a parent corporation; and

(4) "Commissioner" means the Commissioner of Insurance of New Jersey.

N.J.S. § 17:27B-1

L.1971, c.132, s.1, eff. 5/6/1971.