reglab/housing_qa huggingface dataset:
NJ Rev Stat § 17B:17-20 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-20 - Application of act; exclusions

17B:17-20. Application of act; exclusions  a. This act shall apply to all policies delivered or issued for delivery in this State by any company on or after the dates such forms must be filed or approved under this act, but nothing in this act shall apply to: (1) Any policy which is a security subject to Federal jurisdiction; (2) Any group policy covering a group of 50 or more lives at date of issue, other than a group credit life insurance policy or a group credit health insurance policy; however, this shall not exempt any certificate issued pursuant to a group policy delivered or issued for delivery in this State; (3) Any group annuity contract which serves as a funding vehicle for pension, profit-sharing, or deferred compensation plans; (4) Any form used in connection with, as a conversion from, as an addition to, or in exchange pursuant to a contractual provision for, a policy delivered or issued for delivery on a form filed, approved or permitted to be issued prior to the dates such forms must be filed or approved under this act; or (5) The renewal of a policy delivered or issued for delivery prior to the dates such forms must be filed or approved under this act. b. No other law of this State setting language simplification standards shall apply to any policy form. c. Any non-English language policy delivered or issued for delivery in this State shall be deemed to be in compliance with this act if the insurer certifies that such policy is translated from an English language policy which does comply with this act. L.1979, c. 167, s. 4, eff. Aug. 6, 1979.
NJ Rev Stat § 17B:17-22 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-22 - Issuance of policy forms after filing; construction with other laws

17B:17-22. Issuance of policy forms after filing; construction with other laws  Nothing in this act shall be construed to negate any law of this State permitting the issuance of any policy form after it has been on file for the time period specified. L.1979, c. 167, s. 6, eff. Aug. 6, 1979.
NJ Rev Stat § 17B:17-23 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-23 - Flesch reading ease score; authorization of lower score

17B:17-23. Flesch reading ease score; authorization of lower score  The commissioner may authorize a lower score than the Flesch reading ease score required in section 5a. (1) whenever, in his sole discretion, he finds that a lower score: a. will provide a more accurate reflection of the readability of a policy form; b. is warranted by the nature of a particular policy form or type or class of policy forms; or c. is caused by certain policy language which is drafted to conform to the requirements of any State law, regulation, or agency interpretation. L.1979, c. 167, s. 7, eff. Aug. 6, 1979.
NJ Rev Stat § 17B:17-24 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-24 - Content of policy forms; construction with other laws

17B:17-24. Content of policy forms; construction with other laws  A policy form meeting the requirements of section 5a. shall be filed or approved notwithstanding the provisions of any other law which specifies the content of policies, if the policy form provides the policyholders and claimants protection no less favorable than they would be entitled to under such law. L.1979, c. 167, s. 8, eff. Aug. 6, 1979.
NJ Rev Stat § 17B:17-25 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-25 - Date of application

17B:17-25. Date of application  a. Except as provided in section 4, this act applies to all policy forms filed on or after 2 years after the effective date of this act. No policy form shall be delivered or issued for delivery in this State on or after 5 years after the effective date of this act unless filed or approved by the commissioner or permitted to be issued under this act. Any policy form which has been filed or approved or permitted to be issued prior to 5 years after the effective date of this act and which meets the standards set by this act need not be resubmitted for filing or approval but may continue to be lawfully delivered or issued for delivery in this State upon the filing with the commissioner of a list of such forms identified by form number and accompanied by a certificate as to each such form in the manner provided in section 5d. b. The commissioner may, in his sole discretion, extend the dates in subsection a. of this section. L.1979, c. 167, s. 9, eff. Aug. 6, 1979.
NJ Rev Stat § 17B:17-26 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-26 - Definitions relative to life insurance.

17B:17-26 Definitions relative to life insurance.  1. As used in this act: "Account" means any mechanism, whether denoted as a retained asset account or otherwise, whereby the settlement of proceeds payable to a beneficiary under a policy is accomplished by the insurer or an entity acting on behalf of the insurer where the proceeds are retained by the insurer pursuant to a supplementary contract not involving annuity benefits other than death benefits. "Commissioner" means the Commissioner of Banking and Insurance. "Death index" means the death master file maintained by the United States Social Security Administration or any other database or service that is at least as comprehensive as the death master file maintained by the United States Social Security Administration and that is acceptable to the commissioner. "Insured" means an individual covered by a policy or an annuitant when the annuity contract provides for benefits to be paid or other monies to be distributed upon the death of the annuitant. "Insurer" means a life insurance company or fraternal benefit society that is required to file an annual financial audit pursuant to N.J.A.C.11:2-26.4. "Policy" means a life insurance policy, an annuity contract, a certificate under a life insurance policy, or a certificate issued by a fraternal benefit society, under which benefits are to be paid upon the death of the insured, and which is issued on or after the effective date of this act. L.2017, c.236, s.1.
NJ Rev Stat § 17B:17-27 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-27 - Applicability of act.

17B:17-27 Applicability of act.  2. a. This act shall apply to: (1) every policy issued by a domestic insurer in this State and any account established under or as a result of that policy; and (2) every policy delivered or issued for delivery in New Jersey by an authorized foreign insurer and any account established under or as a result of that policy. b. Notwithstanding subsection a. of this section, with respect to a policy delivered or issued for delivery outside this State, a domestic insurer may, in lieu of the requirements of this act, implement procedures that meet the minimum requirements of the state in which the policy was delivered or issued, provided that the commissioner concludes that those other requirements are no less favorable to the policy owner and beneficiary than those required by this act. L.2017, c.236, s.2.
NJ Rev Stat § 17B:17-28 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-28 - Use of death index by insurer.

17B:17-28 Use of death index by insurer.  3. a. Every insurer shall use the death index to cross-check every policy and account subject to this act no less frequently than on a semi-annual basis, except as specified in section 6 of this act. An insurer may perform the cross-check using the updates made to the death index since the date of the last cross-check performed by the insurer, provided that the insurer performs the cross-check using the entire death index at least once. The commissioner may promulgate rules and regulations that allow an insurer to perform the cross-checks less frequently than semi-annually. b. The cross-checks shall be performed using the social security number, the name, and date of birth of the insured or account holder. c. If an insurer only has a partial name, social security number, date of birth, or combination thereof, of the insured or account holder under a policy or account, the insurer shall use the available information to perform the cross check. d. Every insurer shall implement reasonable procedures to account for common variations in data that would otherwise preclude an exact match with a death index. L.2017, c.236, s.3.
NJ Rev Stat § 17B:17-29 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-29 - Action of insurer upon receiving notice of death.

17B:17-29 Action of insurer upon receiving notice of death.  4. Upon receiving notification of the death of an insured or account holder or in the event of a match made by a death index cross-check pursuant to section 3 of this act, an insurer shall search every policy or account subject to this act to determine whether the insurer has any other policies or accounts for the insured or account holder. L.2017, c.236, s.4.
NJ Rev Stat § 17B:17-30 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-30 - Procedures to confirm death, location, notification of beneficiaries.

17B:17-30 Procedures to confirm death, location, notification of beneficiaries.  5. a. An insurer shall establish procedures to reasonably confirm the death of an insured or account holder and begin to locate beneficiaries within 90 days after the identification of a potential match made by a death index cross-check or by a search conducted by the insurer pursuant to section 4 of this act. For those potential matches identified as a result of a death index match, the insurer shall, within 90 days of a death index match, complete a good faith effort, which shall be documented by the insurer, to locate the beneficiary or beneficiaries. b. Once the beneficiary or beneficiaries under the policy or account have been located, the insurer shall provide to the beneficiary or beneficiaries the information necessary to make a claim pursuant to the terms of the policy or account. The insurer shall process all claims and make prompt payments and distributions in accordance with all applicable laws, rules, and regulations. c. Nothing in this act shall be construed to prevent an insurer from requiring satisfactory proof of loss, such as a death certificate, for the purpose of verifying the death of the insured. L.2017, c.236, s.5.
NJ Rev Stat § 17B:17-31 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:17-31 - Inapplicability of act.

17B:17-31 Inapplicability of act.  6. This act shall not apply to: a. any account or policy issued to a group master policyholder in which the insurer does not maintain records on its administrative systems containing the information necessary to comply with the requirements of this act; b. any account, policy, or certificate that provides a death benefit under an employee benefits, government or church plan subject to or as defined under the Employee Retirement Income Security Act of 1974 (29 U.S.C. s.1002) or any other federal employee benefit program;  c. any policy or certificate of life insurance that is used to fund a preneed funeral contract or prearrangement; d. any policy or certificate of credit life or accidental death insurance; or  e. any other circumstance as determined to be appropriate by the commissioner. L.2017, c.236, s.6.
NJ Rev Stat § 17B:18-1 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:18-1 - Scope of chapter

17B:18-1. Scope of chapter  This chapter shall be applicable only to domestic stock and domestic mutual insurers, authorized to do one or more of the kinds of business defined in sections 17B:17-3, 17B:17-4 and 17B:17-5, except as otherwise stated in section 17B:17-1. L.1971, c. 144, s. 17B:18-1.
NJ Rev Stat § 17B:18-2 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:18-2 - Stock insurer defined

17B:18-2. Stock insurer defined  A domestic stock insurer is an insurer incorporated in accordance with the laws of this State with its capital divided into shares and owned by its stockholders. L.1971, c. 144, s. 17B:18-2.
NJ Rev Stat § 17B:18-3 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:18-3 - Mutual insurer defined

17B:18-3. Mutual insurer defined  A domestic mutual insurer is an insurer incorporated in accordance with the laws of this State without permanent capital stock, the governing body of which, except while temporary capital stock is outstanding as provided in section 17B:18-9 and except as provided in section 17B:18-20, is elected by its policyholders. L.1971, c. 144, s. 17B:18-3.
NJ Rev Stat § 17B:18-4 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:18-4 - Organization of stock or mutual insurer

17B:18-4. Organization of stock or mutual insurer  a. Ten or more persons may form a domestic stock or domestic mutual insurer to engage in the business of writing any or all of the kinds of insurance defined in sections 17B:17-3, 17B:17-4 and 17B:17-5 by signing a certificate stating their intention to form a corporation pursuant to this Code setting forth: (1) The name of the insurer, which shall contain the words "insurance company" or words of similar connotation which shall not so closely resemble that of any existing insurer or other corporation as to be likely to mislead the public, and shall be approved by the commissioner; (2) The place where its principal office in this State is to be located and the name of its agent at that office upon whom process may be served; (3) The kind or kinds of insurance proposed to be written by the insurer, stating the section of this code defining the same; (4) Whether the insurer is to be a stock or mutual insurer; (5) If a stock insurer, the amount of its capital stock which shall not be less than that required by section 17B:18-35, the classes and number of shares of each into which it is divided and the par value of each share, which shall not be less than $5.00; (6) The period, if any, limited for the duration of the insurer. b. The certificate may contain such other particulars as may be necessary to explain and make manifest or limit the objects and purposes of the insurer, and such other provisions not inconsistent with this Code, or the Constitution or laws of this State, which the corporators may choose to insert for the conduct of the affairs of the insurer, the regulation of its business, or for defining, regulating and limiting the powers of the directors or stockholders. c. No domestic stock insurer shall create more than one class of stock except, however, that preferred or non-voting stock, or both, may be issued if the amount of the stock so issued shall not at any time exceed the amount of common or voting stock, or both, then issued and outstanding, but preferred stock may be issued without limitation when such preferred stock is to be purchased or loaned upon by any corporation, association or agency created by or organized under any law of the United States of America. d. A company may be formed: (1) For the purpose of transacting one or more of the kinds of business described in sections 17B:17-3, 17B:17-4 and 17B:17-5; or (2) For the purpose of transacting business described in section 17B:17-4 by complying with the provisions of this Code and of transacting any of those kinds of business other than those described in sections 17B:17-3, 17B:17-4 and 17A:17-5 by complying with the provisions of Title 17, not inconsistent with this Code. L.1971, c. 144, s. 17B:18-4.
NJ Rev Stat § 17B:18-5 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:18-5 - Approval of certificate by commissioner; recording and filing

17B:18-5. Approval of certificate by commissioner; recording and filing  The certificate of incorporation shall be proved or acknowledged as required for deeds of real estate and be submitted to, and examined by, the commissioner, and if found by him to be in accordance with this Code and not inconsistent with the constitution and laws of this State, he shall indorse thereon or annex thereto his certificate to that effect. The certificate of incorporation shall then be recorded in a book kept for that purpose in the office of the clerk of the county wherein the principal office and place of business of the corporation is to be located, and after being so recorded, filed with the commissioner. Thereupon, such persons, their successors and assigns, shall, from the date of the filing, be a corporation by the name set forth in the certificate. All amendments of the certificate of incorporation shall be subject to the requirements of this section. The certificate and amendments thereof, or copies thereof, duly certified by the commissioner, shall be evidence in all courts and places. L.1971, c. 144, s. 17B:18-5.
NJ Rev Stat § 17B:18-6 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:18-6 - Stipulations in stock subscriptions and applications

17B:18-6. Stipulations in stock subscriptions and applications  Every subscription to the capital stock of a stock insurer shall contain the stipulation that no sum shall be used for commission, promotion or organization expenses in excess of a per cent of the amount paid upon the stock subscription, to be named in the stipulation, in an amount to be named by the commissioner. Every subscription for stock and every application for insurance in the insurer made prior to the granting to the insurer by the commissioner of the certificate of authority shall contain the stipulation that the money advanced by the applicant shall be returned to him without any deduction if the insurer fails to complete its organization or procure the certificate or issue the policy applied for in the application. L.1971, c. 144, s. 17B:18-6.
NJ Rev Stat § 17B:18-7 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:18-7 - Certificate of incorporation of mutual insurer; election of directors

17B:18-7. Certificate of incorporation of mutual insurer; election of directors  a. The certificate of incorporation of any mutual insurer of this State hereafter incorporated may contain provisions for the elections of directors in the manner set forth in sections 17B:18-11 to 17B:18-17, inclusive, and any amendment of the certificate of incorporation or of the charter of any mutual insurance corporation of this State heretofore or hereafter incorporated pursuant to the provisions of any general or special law of this State, may, at the option of such corporation, contain such provisions. Such certificate of incorporation or amendment thereof or of the charter of such insurer may provide that any vacancy in its board of directors may be filled by a majority vote of the board for the unexpired term to which such vacancy relates. b. The periods at which directors of any such corporation shall be elected, the time of the election, the number of directors to be elected at any one time, and the terms for which they shall respectively be elected may be prescribed by its certificate of incorporation or charter or amendment thereof; provided, however, that one or more directors shall be elected at least once in every 2 years and that no director shall be elected for a term longer than 5 years. L.1971, c. 144, s. 17B:18-7.
NJ Rev Stat § 17B:18-8 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:18-8 - Loan to mutual insurer for organizational expenses

17B:18-8. Loan to mutual insurer for organizational expenses  A mutual insurer organized under this Code may borrow or assume a liability for the repayment of a sum of money sufficient to defray the reasonable expenses of its organization, or to enable it to comply with any requirement of law or as a guaranty fund, upon agreement, which shall first be submitted to and approved by the commissioner, that the loan or advance, with interest, shall be repaid only out of the surplus, earnings or profits of the corporation with the approval of the commissioner whenever, in his judgment, its financial condition shall warrant. Any such loan or advance shall not form a part of the legal liabilities of the insurer, but until repaid all statements published or filed with the commissioner by the insurer shall show the amount thereof then unpaid. L.1971, c. 144, s. 17B:18-8.
NJ Rev Stat § 17B:18-10 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:18-10 - Election of directors of mutual insurer pursuant to provision in certificate of incorporation

17B:18-10. Election of directors of mutual insurer pursuant to provision in certificate of incorporation  If the certificate of incorporation or charter of a mutual insurer, or any amendment thereto contains provisions for the election of directors in the manner set forth in sections 17B:18-11 to 17B:18-17, inclusive, as provided in section 17B:18-7, then, subject to the provisions of section 17B:18-18, the directors of any such insurer shall be elected in such manner and no other. Each director elected and qualified pursuant to such sections shall hold office until his successor shall have been duly elected and qualified. L.1971, c. 144, s. 17B:18-10.
NJ Rev Stat § 17B:18-11 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:18-11 - Nomination of candidates for director

17B:18-11. Nomination of candidates for director  At least seven months before the day fixed for any election of directors, the board of directors shall by a vote of a majority of its number nominate a candidate for each office of director to be filled at such next ensuing election and shall file with the commissioner a certificate of such nominations giving the name, occupation and address of each nominee. Qualified voters of the insurer as hereinafter defined to a number of not less than 1/10 % of the number of policies of the corporation in force as set forth in the next preceding annual statement of the insurer filed with the commissioner may nominate a candidate for each office of director to be filled at such next ensuing election by filing with the commissioner at least 5 months before the day fixed for such election a certificate, which may be in any number of counterpart originals, signed and acknowledged by each of them, giving his name, address and the number of his policy and giving the name, occupation and address of each candidate so nominated, together with a statement signed by each such candidate to the effect that he will accept if elected, and by serving upon the secretary of the corporation at least 5 months before the day fixed for such election a duplicate original of such certificate and of such statement. L.1971, c. 144, s. 17B:18-11.
NJ Rev Stat § 17B:18-12 (2021)
2021 New Jersey Revised Statutes|Title 17B - Insurance|Section 17B:18-12 - Death, withdrawal or incapacity of candidates for director

17B:18-12. Death, withdrawal or incapacity of candidates for director  In case of the death, withdrawal or incapacity of any candidate nominated by the board of directors prior to election, the board of directors shall by a vote of a majority of its number nominate a candidate in his place by filing prior to the day fixed for the election a certificate similar to that required for an original nomination by the board of directors, and in case of the death, withdrawal or incapacity of any candidate nominated by others prior to election, such other persons or a majority of them may nominate a candidate in his place by filing and serving prior to the day fixed for the election duplicate certificates and statements similar to those required for an original nomination by such persons. L.1971, c. 144, s. 17B:18-12.