N.J. Stat. § 17:47-1
Current through L. 2024, c. 62.
Individuals, partnerships or associations of individuals, hereinafter designated "underwriters", may engage in the business of insurance in this state as insurers on the Lloyds plan, whereby each associate underwriter becomes liable for a proportionate amount insured by a policy, in accordance with the provisions of this chapter, and not otherwise.
N.J.S. § 17:47-1