reglab/housing_qa huggingface dataset:
NJ Rev Stat § 17:52-18 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:52-18 - Banks and trust companies; powers

17:52-18. Banks and trust companies; powers  Every bank and trust company organized under the laws of this State shall have power to become a member and a stockholder of a business development corporation, but a bank or trust company which is not a member of such a corporation shall not hold any stock of the corporation. No such bank or trust company shall become a member of more than 1 business development corporation, or hold stock in more than 1 such corporation, and no such bank or trust company shall invest more than 10% of its capital stock and surplus in the stock of any such corporation. Banks and trust companies which are not members of a business development corporation may invest in the obligations of any such corporation or corporations, but the aggregate amount so invested shall not exceed 10% of the capital and surplus of any such bank or trust company. L.1957, c. 218, p. 761, s. 18.
NJ Rev Stat § 17:52-19 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:52-19 - Other corporations; powers

17:52-19. Other corporations; powers  Corporations of this State other than banks and trust companies may also become stockholders of a business development corporation, except in any case where the certificate of incorporation or the by-laws of such corporation forbid the ownership of stock by any such corporation. L.1957, c. 218, p. 761, s. 19.
NJ Rev Stat § 17:52-20 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:52-20 - Limitations on indebtedness

17:52-20. Limitations on indebtedness  No business development corporation shall voluntarily incur any liability or indebtedness at any time when the incurring of any such liability or indebtedness will exceed 10 times its paid-in capital stock, or $10,000,000.00, whichever is the greater. L.1957, c. 218, p. 761, s. 20.
NJ Rev Stat § 17:52-21 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:52-21 - Loans prohibited

17:52-21. Loans prohibited  No business development corporation shall make a loan to any of its officers or directors, or to any partnership of which such an officer or director is a member, or to any corporation in which any such officer or director has a controlling interest. L.1957, c. 218, p. 761, s. 21.
NJ Rev Stat § 17:52-22 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:52-22 - Reports

17:52-22. Reports  A. Every business development corporation shall, not later than February 15 of each year, or within such extended period, not to exceed 45 days, as the commissioner may permit, make and file in the Department of Banking and Insurance, a report of its condition in a form prescribed by the Commissioner of Banking and Insurance. The commissioner shall have power to call for special reports when, in his judgment, such reports are necessary in order to obtain a full knowledge of the condition of the business development corporation. B. A business development corporation which fails to make and transmit a report required by this section shall be subject to a penalty of $100.00 for each day during which such failure continues, to be recovered with costs by the State in a civil action prosecuted by the Attorney-General. L.1957, c. 218, p. 762, s. 22.
NJ Rev Stat § 17:52-23 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:52-23 - Supervision by Commissioner of Banking and Insurance

17:52-23. Supervision by Commissioner of Banking and Insurance  A. The Commissioner of Banking and Insurance shall, whenever and as often as he deems it necessary, cause the affairs of every business development corporation to be examined to determine whether it is conducting its business in conformity with the laws of this State and its certificate of incorporation. In carrying out the provisions of this subsection, the commissioner shall have the same powers conferred upon him in the examination of the affairs of a banking institution organized under the laws of this State. B. If the Commissioner of Banking and Insurance finds that a business development corporation is violating the provisions of its certificate of incorporation, or is conducting its business in violation of any law of this State, or in an unsafe manner, he shall order the business development corporation to cease its ultra vires, unlawful or unsafe practices, as the case may be. For a violation of any order of the commissioner, the business development corporation shall be subject to a penalty of $500.00, to be recovered with costs by the State in a civil action prosecuted by the Attorney-General. C. The Commissioner shall have power to revoke the authority to transact business of a business development corporation which has willfully violated any lawful order made by him, upon not less than 20 days' notice to the corporation, and after formal hearing upon the causes assigned for such revocation, which shall be stated in the notice of hearing. D. Any order or determination made by the commissioner pursuant to this section shall be subject to review, hearing and relief in the Superior Court in a proceeding in lieu of prerogative writ. L.1957, c. 218, p. 762, s. 23.
NJ Rev Stat § 17:52-24 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:52-24 - Filing fees and costs of examination

17:52-24. Filing fees and costs of examination  In administering the provisions of this act, the Commissioner of Banking and Insurance shall receive, for the use of the State, the same filing fees and costs of examination as are charged or collected from banking institutions in like cases. L.1957, c. 218, p. 763, s. 24.
NJ Rev Stat § 17:52-25 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:52-25 - Business development corporation not deemed banking institution

17:52-25. Business development corporation not deemed banking institution  No business development corporation shall be deemed to be a banking institution for any purpose whatsoever, nor shall any such corporation accept deposits or act in a fiduciary capacity. L.1957, c. 218, p. 763, s. 25.
NJ Rev Stat § 17:52-26 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:52-26 - Applicability of act

17:52-26. Applicability of act  Nothing in this act shall affect or apply to any person, corporation, partnership or association which is otherwise by law authorized to exercise, or is not prohibited by law from exercising, any power or powers herein conferred upon business development corporations. L.1957, c. 218, p. 763, s. 26.
NJ Rev Stat § 17:52-27 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:52-27 - Short title

17:52-27. Short title  This act shall be known as the Business Development Corporation Act of 1957. L.1957, c. 218, p. 763, s. 27.
NJ Rev Stat § 17B:17-1 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-1 - Scope of act

17B:17-1. Scope of act  This Subtitle 3 of Title 17B shall be known as the "Life and Health Insurance Code," sometimes referred to herein as this "Code," and shall have application only to life insurance, health insurance and annuities as herein defined. No part of Subtitle 3 of Title 17 and no other part of Title 17B as they now exist or may hereafter be constituted shall have any application to such insurance or annuities unless specifically otherwise provided in the act enacting this Code or in an act enacted subsequent to such act. a. Any insurance company, domestic, alien or foreign, now or hereafter organized which in addition to doing the business of health insurance as defined in section 17B:17-4, is licensed to make, or shall hereafter become licensed to make, kinds of insurance other than those defined hereinafter in this chapter, shall be subject only to the hereinafter enumerated provisions of this Code but only in connection with such health insurance business: (1) All the provisions of the following chapters: Chapters 22, 26, 29, 34 and 35. (2) All the provisions of the following sections: 17B:17-1, 17B:17-2, 17B:17-4, and 17B:17-6 through 17B:17-14; 17B:18-1, 17B:18-35 through 17B:18-40, 17B:18-63, 17B:18-66; 17B:19-5; 17B:24-1 through 17B:24-5, 17B:24-8 and 17B:24-9; (3) All of the provisions of the following articles of the designated chapter. Articles 2 and 3 of Chapter 27. b. The provisions of the following chapters and sections shall not be applicable to those insurance companies described in subsection "a" above: (1) Chapters 21, 23, 30 and 33. (2) 17B:18-41, 17B:18-42, 17B:18-47, 17B:18-56, 17B:18-57, 17B:18-58, 17B:18-64, 17B:18-65 and 17B:19-1. All such companies will remain subject to subtitle 3 of Title 17 except as above provided. c. Any insurer now licensed under R.S. 17:17-1, d. solely to do the business of health insurance shall be subject to every provision of this Code as a health insurer. d. An insurer may be organized under the provisions of section 17B:18-4 to do the business of health insurance as defined in section 17B:17-4 and in addition kinds of insurance other than those kinds defined in this chapter, and in such case, it shall have all the obligations, powers and privileges of a health insurer organized under this Code and shall to the extent not inconsistent herewith be subject to all the provisions of Subtitle 3 of Title 17. e. Except as otherwise specifically provided no provision of this Code shall apply to: (1) Fraternal benefit societies as defined in Part 5A of Subtitle 3 of Title 17. (2) Mutual benefit associations as defined in Part 6 of Subtitle 3 of Title 17. (3) Hospital and medical service corporations as defined in Part 9 of Subtitle 3 of Title 17. L.1971, c. 144, s. 17B:17-1.
NJ Rev Stat § 17B:17-2 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-2 - Insurer defined

17B:17-2. Insurer defined  "Insurer" includes every person engaged as indemnitor or contractor in the business of life insurance, health insurance or of annuity. L.1971, c. 144, s. 17B:17-2.
NJ Rev Stat § 17B:17-3 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-3 - Life insurance defined

17B:17-3. Life insurance defined  "Life insurance" is a policy or contract whereby an insurer is obligated to pay or allow a benefit of pecuniary value with respect to the cessation of human life. Life insurance includes also the granting of endowment benefits and optional modes of settlement of proceeds of life insurance as well as provisions for a. additional benefits in event of death by accident or accidental means or in event of dismemberment or loss of sight, or b. safeguarding such insurance against lapse or giving a special surrender value or special benefit or an annuity in the event that the insured shall become totally and permanently disabled, whether such provisions are incorporated in a policy or contract of life insurance or in a policy or contract supplemental thereto. Life insurance does not include workmen's compensation coverages. L.1971, c. 144, s. 17B:17-3.
NJ Rev Stat § 17B:17-4 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-4 - Health insurance defined

17B:17-4. Health insurance defined  "Health insurance" is a contract or agreement whereby an insurer is obligated to pay or allow a benefit of pecuniary value with respect to the bodily injury, disablement, sickness, death by accident or accidental means of a human being, or because of any expense relating thereto, or because of any expense incurred in prevention of sickness, and includes every risk pertaining to any of the enumerated risks. Health insurance does not include workmen's compensation coverages. L.1971, c. 144, s. 17B:17-4.
NJ Rev Stat § 17B:17-5 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-5 - Annuity defined

17B:17-5. Annuity defined  "Annuity" is a contract not coming within the definition of life insurance as set forth in section 17B:17-3, or health insurance as set forth in section 17B:17-4, under which an insurer obligates itself to make periodic payments for a specified period of time, such as for a number of years, or until the happening of an event, or for life, or for a period of time determined by any combination thereof. Such a contract which includes extra benefits of the kinds set forth in sections 17B:17-3 or 17B:17-4 shall nevertheless be deemed to be an annuity if such extra benefits constitute a subsidiary or incidental part of the entire contract. L.1971, c. 144, s. 17B:17-5.
NJ Rev Stat § 17B:17-6 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-6 - Person defined

17B:17-6. Person defined  "Person" includes any individual, insurer, company, association, organization, society, partnership, syndicate, trust, business trust, corporation and every legal entity. L.1971, c. 144, s. 17B:17-6.
NJ Rev Stat § 17B:17-7 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-7 - Domestic insurer, foreign insurer, alien insurer defined

17B:17-7. Domestic insurer, foreign insurer, alien insurer defined  a. A "domestic" insurer is one formed under the laws of this State. b. A "foreign" insurer is one formed under the laws of a jurisdiction of the United States of America other than this State. c. An "alien" insurer is one formed under the laws of any country other than the United States of America, its States, districts, territories, commonwealths, possessions and the Panama Canal Zone. L.1971, c. 144, s. 17B:17-7.
NJ Rev Stat § 17B:17-8 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-8 - State defined

17B:17-8. State defined  When used in context signifying a jurisdiction other than the State of New Jersey, "State" means any State, district, territory, commonwealth, or possession of the United States of America, and the Panama Canal Zone. L.1971, c. 144, s. 17B:17-8.
NJ Rev Stat § 17B:17-9 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-9 - Domicile defined

17B:17-9. Domicile defined  The "domicile" of an insurer means: a. As to Canadian insurers, the province in which the insurer's head office is located. b. As to other alien insurers authorized to transact insurance in one or more States, as provided in section 17B:23-5c. c. As to alien insurers not authorized to transact insurance in one or more States, the country under the laws of which the insurer was formed. d. As to all other insurers, the State under the laws of which the insurer was formed. L.1971, c. 144, s. 17B:17-9.
NJ Rev Stat § 17B:17-10 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-10 - Principal office defined

17B:17-10. Principal office defined  "Principal office" means: a. As to Canadian insurers, the office in Canada from which the general affairs of the insurer are directed or managed. b. As to other alien insurers authorized to transact insurance in one or more States, the office in the United States from which the general affairs of the insurer in the United States are directed or managed. c. As to all other insurers, the office from which the general affairs of the insurer are directed or managed. L.1971, c. 144, s. 17B:17-10.
NJ Rev Stat § 17B:17-11 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-11 - Authorized insurer, unauthorized insurer defined

17B:17-11. Authorized insurer, unauthorized insurer defined  a. An "authorized insurer" is one duly authorized by a current certificate of authority issued by the commissioner pursuant to this code to act as an insurer in this State. b. An "unauthorized insurer" is an insurer not so authorized. L.1971, c. 144, s. 17B:17-11.
NJ Rev Stat § 17B:17-12 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-12 - Certificate of authority; license defined

17B:17-12. Certificate of authority; license defined  a. A "certificate of authority is a certificate issued by the commissioner evidencing the authority of an insurer to transact insurance in this State. b. A "license" is authority granted by the commissioner pursuant to this code authorizing the licensee to engage in a business or operation of insurance in this State as an agent, broker, or solicitor, as the case may be, and the written evidence of such authority. L.1971,c.144.
NJ Rev Stat § 17B:17-13 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-13 - Misdemeanor to do business unless authorized

17B:17-13. Misdemeanor to do business unless authorized  a. No person shall act as an insurer in this State without complying with the applicable provisions of this Code. b. No person by himself, or by his brokers, agents, solicitors, surveyors, canvassers or other representatives of whatever designation, nor any such broker, agent, solicitor, surveyor, canvasser, or other representative, shall solicit, negotiate or effect any contract of insurance of any kind or sign, deliver or transmit, by mail or otherwise, any policy or annuity contract or receive any premium, commission, fee or other payment thereon, or maintain or operate any office in this State for the transaction of the business of insurance, or in any manner, directly or indirectly, transact the business of insurance of any kind whatsoever, within this State, unless specifically authorized under the laws of this State. c. Specific authorization under the laws of this State shall not be required with respect to the following: (1) Investigation, settlement, or litigation of claims under an insurer's policies lawfully written in this State, or liquidation of such insurer's assets and liabilities (other than the collection of new premiums) all as resulting from its former authorized operation in this State. (2) Transactions involving a policy subsequent to issuance thereof lawfully solicited, written, or delivered outside this State. (3) Reinsurance when transacted as authorized under section 17B:18-62. (4) The continuation and servicing of life or health insurance policies or annuity contracts remaining in force as to residents of this State when the insurer is not transacting new insurance therein. (5) Group life or health insurance or annuity contracts covering residents of this State under a group policy or contract lawfully issued in another State. d. Any person violating any of the provisions of this section shall be guilty of a misdemeanor. L.1971, c. 144, s. 17B:17-13.
NJ Rev Stat § 17B:17-14 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-14 - General penalty

17B:17-14. General penalty  Each violation of this Code as to which a penalty is not provided by another provision of this Code or by other applicable laws of this State shall be a misdemeanor, and may in addition to any prescribed applicable denial, suspension, or revocation of certificate of authority, license, or permit be punishable upon conviction in the manner prescribed for misdemeanors under the provisions of Title 2A of the statutes of this State. Each instance of such violation may be considered a separate offense. L.1971, c. 144, s. 17B:17-14.
NJ Rev Stat § 17B:17-15 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-15 - Conflict with other laws

17B:17-15. Conflict with other laws  All laws and parts of laws of this State inconsistent with this Code are hereby superseded with respect to matters covered by this Code. L.1971, c. 144, s. 17B:17-15.
NJ Rev Stat § 17B:17-16 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-16 - Separability of provisions

17B:17-16. Separability of provisions  If any provision of this Code or the application thereof to any person or circumstance is held invalid, the invalidity shall not affect other provisions or applications of this Code which can be given effect without the invalid provision or application, and for this purpose the provisions of the Code are separable. L.1971, c. 144, s. 17B:17-16.
NJ Rev Stat § 17B:17-17 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-17 - Short title

17B:17-17. Short title  This act shall be known and may be cited as the "Life and Health Insurance Policy Language Simplification Act." L.1979, c. 167, s. 1, eff. Aug. 6, 1979.
NJ Rev Stat § 17B:17-18 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-18 - Purpose

17B:17-18. Purpose  The purpose of this act is to establish minimum standards for language used in policies, contracts and certificates of life insurance, health insurance, annuity, credit life insurance and credit health insurance, delivered or issued for delivery in this State, to facilitate ease of reading by insureds. This act is not intended to increase the risk assumed by insurance companies or other entities subject to this act or to supersede their obligation to comply with the substance of other insurance legislation applicable to life, health, credit life or credit health insurance or annuity policies. This act is not intended to impede flexibility and innovation in the development of policy forms or content or to lead to the standardization of policy forms or content. L.1979, c. 167, s. 2, eff. Aug. 6, 1979.
NJ Rev Stat § 17B:17-19 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-19 - Definitions

17B:17-19. Definitions  As used in this act: a. "Policy" or "policy form" means any policy, contract, certificate, or agreement of life or health insurance, including credit life insurance and credit health insurance, or annuity, delivered or issued for delivery in this State by any company subject to this act; any certificate, contract, or policy issued by a fraternal benefit society; and any certificate issued pursuant to a group insurance policy delivered or issued for delivery in this State. b. "Company" or "insurer" means any life or health insurance company, fraternal benefit society, nonprofit health service corporation, nonprofit hospital service corporation, nonprofit medical service corporation, nonprofit dental service corporation, mutual benefit association, and all similar type organizations. c. "Commissioner" means the Commissioner of Insurance. L.1979, c. 167, s. 3, eff. Aug. 6, 1979.