reglab/housing_qa huggingface dataset:
NJ Rev Stat § 17:37A-19 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:37A-19 - Privilege of doing business; surcharge upon premiums

17:37A-19. Privilege of doing business; surcharge upon premiums  For the privilege of doing property insurance business in this State, and in addition to all other requirements of law, every insurer authorized to write such insurance in this State shall be obligated to collect from the insured under any policy of basic property insurance, a surcharge upon the premium paid for said policy in an amount which shall be annually determined by the commissioner as hereinafter provided. This surcharge shall be collected by each insurer and paid over to the fund semiannually as provided for by the commissioner. L.1968, c. 129, s. 19, eff. July 1, 1968.
NJ Rev Stat § 17:37A-20 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:37A-20 - Establishment of fund; surcharge upon basic property insurance premiums; maximum

17:37A-20. Establishment of fund; surcharge upon basic property insurance premiums; maximum  For the purpose of providing the moneys necessary to establish the New Jersey Insurance Development Fund in an amount sufficient to meet the requirements of said fund pursuant to section 21 of this act, the commissioner shall establish a reasonable surcharge upon all basic property insurance premiums paid for policies of insurance written in this State; provided, however, that in any given calendar year the aggregate amount of such surcharges shall not exceed a sum equal to 5% of the insurance premiums written on basic property insurance in this State in the most recent full calendar year. The surcharge shall be a separate charge to the insured in addition to the premium to be paid and shall be reflected as such in the policy and commissions shall not be payable thereon. The insurer shall be prohibited from absorbing such surcharge as an inducement for insurance or for any other reason. In the event that pursuant to section 23 of this act the Legislature appropriates any moneys to the credit of such fund, the commissioner is hereby empowered to increase the surcharge so that the amount so appropriated may be returned to the State Treasury as provided by section 23 of this act. L.1968, c. 129, s. 20, eff. July 1, 1968. Amended by L.1977, c. 185, s. 2, eff. Aug. 22, 1977.
NJ Rev Stat § 17:37A-21 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:37A-21 - Net value of fund; determination; amount

17:37A-21. Net value of fund; determination; amount  The commissioner, on or before April 1, shall ascertain and determine the net value of the fund as of the next preceding December 31. The net value of the fund shall be determined by deducting from the value of the assets of the fund, the aggregate, actual, and estimated liabilities of the fund as determined by the commissioner. When the net value of the fund, as thus determined, reaches an amount equal to 5% of the premiums written on basic property insurance in this State in the most recent full calendar year, no further surcharge on said premiums and no further payments to said fund shall be made; provided, however, that whenever, thereafter, the net value of said fund shall be reduced below the aforesaid amount, by reason of payments from and known and estimated liabilities of such fund, then such surcharge and payments to said fund shall be received in the manner provided in section 19 of this act, and shall continue in such manner until said fund, over and above its sum and estimated liabilities, shall reach the aforesaid amount. L.1968, c. 129, s. 21, eff. July 1, 1968. Amended by L.1977, c. 185, s. 3, eff. Aug. 22, 1977.
NJ Rev Stat § 17:37A-22 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:37A-22 - Custodian of fund; disbursements; investments

17:37A-22. Custodian of fund; disbursements; investments  The fund created by this act shall be separate and apart from any other fund and from all other State moneys. The State Treasurer shall be the custodian of said fund; and all disbursements from said fund shall be made by the treasurer upon vouchers signed by the commissioner, as in this act provided. The moneys of said fund shall be invested and reinvested by the Director of the Division of Investment as other trust funds in the custody of the State Treasurer in the manner provided by law. L.1968, c. 129, s. 22, eff. July 1, 1968.
NJ Rev Stat § 17:37A-23 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:37A-23 - Insufficiency of fund to pay claims; appropriation

17:37A-23. Insufficiency of fund to pay claims; appropriation  If in any year or at any time the fund as hereinabove established is insufficient to pay claims chargeable to the fund to the extent of 5% of the most recent full calendar year basic property insurance premiums written by authorized insurers in this State, the commissioner shall certify to the Governor the amount of such insufficiency and such amount shall be appropriated and paid to the fund, which said amount so paid shall be returned to the treasury of this State from proceeds of the surcharge collected pursuant to this act. L.1968, c. 129, s. 23, eff. July 1, 1968. Amended by L.1977, c. 185, s. 4, eff. Aug. 22, 1977.
NJ Rev Stat § 17:37A-24 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:37A-24 - Entry upon lands for examination

17:37A-24. Entry upon lands for examination  The agents and employees of any insurer of this State participating in a plan established pursuant to this act may enter upon any lands and premises in the State for the purpose of making such examination as is necessary or convenient for the purposes of this act and such entry shall not be deemed a trespass, except that the insurer shall make reimbursement for any actual damages resulting to such lands and premises as a result of such activity. L.1968, c. 129, s. 24, eff. July 1, 1968.
NJ Rev Stat § 17:37A-25 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:37A-25 - Federal programs of reinsurance; participation

17:37A-25. Federal programs of reinsurance; participation  In addition to any powers conferred upon him by this or any other law, the commissioner is authorized to do all things necessary to enable this State and any insurer participating in any plan approved or issued by the commissioner to fully participate in any Federal program of reinsurance which may be hereafter adopted for purposes similar to the purposes of this act. L.1968, c. 129, s. 25, eff. July 1, 1968.
NJ Rev Stat § 17:37A-26 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:37A-26 - Rules and regulations

17:37A-26. Rules and regulations  The commissioner may make reasonable rules and regulations to carry out the purposes of this act. L.1968, c. 129, s. 26, eff. July 1, 1968.
NJ Rev Stat § 17:37A-27 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:37A-27 - Reports from insurers concerning risks

17:37A-27. Reports from insurers concerning risks  The commissioner may require such reports from insurers concerning risks insured under any plan approved or issued pursuant to this act as he shall deem necessary. L.1968, c. 129, s. 27, eff. July 1, 1968.
NJ Rev Stat § 17:37B-1 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:37B-1 - Findings, declarations

17:37B-1. Findings, declarations  The Legislature finds and declares:  a. That the present crisis in commercial insurance, which is characterized by the lack of availability and rapidly escalating insurance costs, has severely disrupted the economy of this State and has caused many of its small businesses to be without insurance protection entirely; and  b. While the crisis is due in part to significant increases in the frequency and severity of insurance claims and significant increases in the amount of personal injury litigation, it is also due to the cyclical nature of the insurance industry and the utilization by the industry of certain business practices which have proved to be detrimental to the financial condition of many insurers and to the functioning of the insurance system as a whole; and  c. While it is the duty of the several states to regulate the business of insurance, the present regulatory structure proved itself to be inadequate to detect the harmful business practices which were being pursued by the insurance industry, including imprudent cash-flow underwriting practices, the use of rates which were inadequate, and the use of reinsurers which were new entrants into the United States insurance market and unfamiliar with the operation of the American tort system; and  d. It is essential that the regulatory structure be modified in such a manner so that the State may be in a position to detect potential problems in the insurance system and to intervene to stop imprudent and harmful business practices before they have a catastrophic effect upon the market, similar to the present crisis.  L. 1987, c. 406, s. 1.
NJ Rev Stat § 17:37B-2 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:37B-2 - Division of Property-Casualty Examination

17:37B-2. Division of Property-Casualty Examination  There is created in the Department of Insurance a Division of Property-Casualty Examination. The division shall perform all financial examinations of property and casualty insurers, as provided in this act and as otherwise provided by law.  b. The commissioner shall appoint at least the following full-time personnel to the division: (1) Six certified public accountants or other qualified individuals; (2) Two persons holding the degree of Master of Business Administration in fields related to the analysis of the financial condition of insurance companies; (3) One economist, who shall hold a doctoral degree. c. When requested by the commissioner, the Attorney General shall assign one or more deputy attorneys general to represent the Department of Insurance in proceedings related to the financial examination of insurance companies or other functions performed by the division pursuant to the provisions of this act.  d. The commissioner shall appoint clerical and other staff necessary for the division to carry out its responsibilities. These personnel shall be employed subject to the provisions of Title 11A of the New Jersey Statutes.  L. 1987, c. 406, s. 2.
NJ Rev Stat § 17:37B-3 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:37B-3 - Additional duties of division

17:37B-3. Additional duties of division  a. In addition to any other duties otherwise prescribed by law, the division shall analyze the general business practices being followed by insurers writing the class or classes of insurance provided for in R.S. 17:17-1, including, but not limited to: (1) The policies being followed by the insurer in procuring reinsurance; and (2) The general pricing policies being utilized by the insurer, and the effect of those pricing policies upon the insurer's overall operations; and (3) The investment policies being utilized by the insurer, and the effect of these policies upon the insurer's overall operations. b. In addition to the duties prescribed by this act or otherwise prescribed by law, the division established pursuant to section 2 of this act shall, from time to time, examine the overall operation of the insurance market, with respect to commercial lines insurance and personal lines insurance. If the division finds that any business practice or practices being followed by any insurer or insurers will result in market instability, the lack of the availability of coverage, or will result in premiums which are excessive, inadequate or unfairly discriminatory, the division shall so report to the commissioner.  L. 1987, c. 406, s. 3.
NJ Rev Stat § 17:37B-4 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:37B-4 - Definitions

17:37B-4. Definitions  For the purposes of this act:  a. "Commissioner" shall mean the Commissioner of Insurance;  b. "Division" shall mean the Division of Property-Casualty Examination established by section 2 of this act.  L. 1987, c. 406, s. 4.
NJ Rev Stat § 17:37B-5 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:37B-5 - Rules, regulations

17:37B-5. Rules, regulations  The commissioner shall promulgate rules and regulations as are necessary to carry out the purposes of this act.  L. 1987, c. 406, s. 5.
NJ Rev Stat § 17:38-1.1 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:38-1.1 - Fraternal benefit society contracts; conformity with health insurance provisions

17:38-1.1. Fraternal benefit society contracts; conformity with health insurance provisions  One year after the effective date of this supplementary act, and thereafter, no domestic, foreign or alien fraternal benefit society authorized to do business in this State shall issue or deliver in this State any certificate or other evidence of any contract of insurance or endorsement thereto against loss or damage from the sickness, or the bodily injury or death of the insured by accident, except in conformity with the provisions of chapter 26 of Title 17B of the New Jersey Statutes. L.1959, c. 168, p. 696, s. 1. Amended by L.1973, c. 22, s. 1, eff. Feb. 8, 1973.
NJ Rev Stat § 17:38-1.2 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:38-1.2 - Law applicable

17:38-1.2. Law applicable  Section 17B:26-2 of Title 17B shall not apply to fraternal benefit societies nor shall that part of section 17B:26-4 apply which requires that the policy, including the endorsements and the attached papers, if any, constitutes the entire contract of insurance. The word "policy" as used in chapter 26 of Title 17B shall mean "certificate" as applied to fraternal benefit societies. L.1959, c. 168, p. 696, s. 2. Amended by L.1973, c. 22, s. 2, eff. Feb. 8, 1973.
NJ Rev Stat § 17:38-13.12 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:38-13.12 - Effective date of act

17:38-13.12. Effective date of act  This act shall take effect on January first, one thousand nine hundred and fifty-two. L.1951, c. 237, p. 852, s. 13.
NJ Rev Stat § 17:44B-1 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:44B-1 - Definitions relative to fraternal benefit societies

17:44B-1. Definitions relative to fraternal benefit societies  1. As used in this act: "Benefit contract" means an agreement for provision of benefits authorized by section 16 of this act, as that agreement is described in subsection a. of section 18 of this act. "Benefit member" means an adult member who is designated by the laws or rules of the society to be a benefit member under a benefit contract. "Certificate" means the document issued as written evidence of a benefit contract. "Commissioner" means the Commissioner of Banking and Insurance. "Department" means the Department of Banking and Insurance. "Laws" means the society's articles of incorporation, constitution and bylaws, however designated. "Lodge" means a subordinate member unit of the society, known as a camp, court, council, branch or by any other designation. "Premiums" means premiums, rates, dues or other required contributions by whatever name known, which are payable under the certificate. "Rules" means all rules, regulations or resolutions adopted by the assembly or board of directors which are intended to have general application to the members of the society. "Society" means fraternal benefit society, unless otherwise indicated. L.1997,c.322,s.1.
NJ Rev Stat § 17:44B-2 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:44B-2 - Fraternal benefit society

17:44B-2. Fraternal benefit society  2. Any incorporated society, order or supreme lodge, without capital stock, including one exempted under the provisions of section 35 of this act, whether incorporated or not, conducted solely for the benefit of its members and their beneficiaries and not-for-profit, operated on a lodge system with ritualistic form of work, having a representative form of government, and which provides benefits in accordance with this act, is declared to be a fraternal benefit society. L.1997,c.322,s.2.
NJ Rev Stat § 17:44B-3 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:44B-3 - Lodge system

17:44B-3. Lodge system  3. a. A society is operating on the lodge system if it has a supreme governing body and subordinate lodges into which members are elected, initiated or admitted in accordance with its laws, rules and ritual. Subordinate lodges shall be required by the laws of the society to hold regular meetings at least once in each month in furtherance of the purposes of the society. b. A society may, at its option, organize and operate lodges for minors under the minimum age for adult membership. Membership and initiation in local lodges shall not be required of children, nor shall they have a voice or vote in the management of the society. L.1997,c.322,s.3.
NJ Rev Stat § 17:44B-4 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:44B-4 - Representative form of government for society

17:44B-4. Representative form of government for society  4. A society has a representative form of government when: a. It has a supreme governing body constituted in one of the following ways: (1) Assembly. The supreme governing body is an assembly composed of delegates elected directly by the members or at intermediate assemblies or conventions of members or their representatives, together with other delegates as may be prescribed in the society's laws. A society may provide for election of delegates by mail. The elected delegates shall constitute a majority in number and shall not have less than 2/3 of the votes and not less than the number of votes required to amend the society's laws. The assembly shall be elected and shall meet at least once every four years and shall elect a board of directors to conduct the business of the society between meetings of the assembly. Vacancies on the board of directors between elections may be filled in the manner prescribed by the society's laws. (2) Direct Election. The supreme governing body is a board composed of persons elected by the members, either directly or by their representatives in intermediate assemblies, and any other persons prescribed in the society's laws. A society may provide for election of the board by mail. Each term of a board member may not exceed four years. Vacancies on the board between elections may be filled in the manner prescribed by the society's laws. Those persons elected to the board shall constitute a majority in number and not less than the number of votes required to amend the society's laws. A person filling the unexpired term of an elected board member shall be considered to be an elected member. The board shall meet at least quarterly to conduct the business of the society. b. The officers of the society are elected either by the assembly or board of directors; c. Only benefit members are eligible for election to the assembly or board of directors; and d. Each voting member shall have one vote; no vote may be cast by proxy. L.1997,c.322,s.4.
NJ Rev Stat § 17:44B-5 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:44B-5 - Purposes of society

17:44B-5. Purposes of society  5. a. A society shall operate for the benefit of members and their beneficiaries by: (1) providing benefits as specified in section 16 of this act; and (2) operating for one or more social, intellectual, educational, charitable, benevolent, moral, fraternal or religious purposes for the benefit of its members, which may also be extended to others. These purposes may be carried out directly by the society, or indirectly through subsidiary corporations or affiliated organizations. b. Every society shall have the power to adopt laws and rules for the government of the society, the admission of its members, and the management of its affairs. It shall have the power to change, alter, add to or amend those laws and rules and shall have those other powers as are necessary and incidental to carrying into effect the objects and purposes of the society. L.1997,c.322,s.5.
NJ Rev Stat § 17:44B-6 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:44B-6 - Specification of eligibility, admission, rights, etc.

17:44B-6 Specification of eligibility, admission, rights, etc.  6. a. A society shall specify in its laws or rules: (1) eligibility standards for each and every class of membership, provided that if benefits are provided on the lives of minors, the minimum age for adult membership shall be set at not less than age 15 and not greater than age 21; (2) the process for admission to membership for each membership class; and (3) the rights and privileges of each membership class, provided that only benefit members shall have the right to vote on the management of the insurance affairs of the society. b. A society may also admit social members who shall have no voice or vote in the management of the insurance affairs of the society. c. Membership rights in the society are personal to the member and are not assignable. L.1997,c.322,s.6.
NJ Rev Stat § 17:44B-7 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:44B-7 - Location of principal office; reports

17:44B-7. Location of principal office; reports  7. a. The principal office of any domestic society shall be located in this State. The meetings of its supreme governing body may be held in any state, district, province or territory wherein such society has at least one subordinate lodge, or in such other location as determined by the supreme governing body, and all business transacted at those meetings shall be as valid in all respects as if those meetings were held in this State. The minutes of the proceedings of the assembly or board of directors shall be in the English language. b. (1) A society may provide in its laws for an official publication in which any notice, report or statement required by law to be given to members, including notice of election, may be published. These required reports, notices and statements shall be printed conspicuously in the publication. If the records of a society show that two or more members have the same mailing address, an official publication mailed to one member is deemed to be mailed to all members at the same address unless a member requests a separate copy. (2) Not later than June 1 of each year, a synopsis of the society's annual statement providing an explanation of the facts concerning the condition of the society disclosed in the statement shall be printed and mailed to each benefit member of the society or, in lieu thereof, the synopsis may be published in the society's official publication. c. A society may provide in its laws or rules for grievance or complaint procedures for members. L.1997,c.322,s.7.