reglab/housing_qa huggingface dataset:
NJ Rev Stat § 17:30B-10 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:30B-10 - Surcharge on policies; credit to joint underwriting association fund of recovered moneys

17:30B-10. Surcharge on policies; credit to joint underwriting association fund of recovered moneys  a. A surcharge on insurance policies of the kind which are being assumed by the associations created hereunder shall be levied in amounts sufficient to recoup over a reasonable length of time a sum equal to the amounts necessary for reimbursement pursuant to section 5 b. of this act. 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. The insurer shall be prohibited from absorbing such surcharge as an inducement for insurance or any other reason. b. The amount of such surcharge shall be determined by the commissioner, but in no event shall the surcharge on any policy exceed one-half of 1% of the policy premium. c. Whenever moneys are recovered as a result of claims arising on or after September 19, 1974 from Gateway Insurance Company, Empire Mutual Insurance Company or Allcity Insurance Company insurers or lending institutions financing insurance policies for any of said companies with respect to policies for New Jersey residents or any of their brokers or agents, said moneys shall be credited to the Joint Underwriting Association Fund for use by the commissioner with respect to future insolvencies. L.1974, c. 106, s. 10, eff. Sept. 19, 1974. Amended by L.1975, c. 76, s. 1, eff. May 1, 1975; L.1977, c. 278, s. 2, eff. Oct. 31, 1977.
NJ Rev Stat § 17:30B-11 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:30B-11 - Statement; filing

17:30B-11. Statement; filing  An association shall file at such time as directed by the commissioner a statement which shall contain such information and be in such form as required by the commissioner. The commissioner may at any time require an association to furnish him with additional information with respect to its operations. L.1974, c. 106, s. 11, eff. Sept. 19, 1974.
NJ Rev Stat § 17:30B-12 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:30B-12 - Examination by commissioner; hearings

17:30B-12. Examination by commissioner; hearings  The commissioner may make an examination into the affairs of an association or any of its members whenever he deems it necessary. In undertaking any examination he may hold hearings pursuant to the procedures provided in chapter 1 of this Title and P.L.1968, c. 410 (C. 52:14B-1 et seq.). L.1974, c. 106, s. 12, eff. Sept. 19, 1974.
NJ Rev Stat § 17:30B-13 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:30B-13 - Annual reports of commissioner

17:30B-13. Annual reports of commissioner  In addition to the annual reports of the commissioner required by R.S. 17:1-9, the commissioner shall submit to the Legislature an annual report embracing the activities, affairs and condition of any association. Said report may contain specific recommendations the commissioner may wish to make concerning the association, including his evaluation of the association's effectiveness in fulfilling the purposes of this act. L.1974, c. 106, s. 13, eff. Sept. 19, 1974.
NJ Rev Stat § 17:30B-14 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:30B-14 - Powers of commissioner

17:30B-14. Powers of commissioner  The commissioner may: a. Promulgate reasonable rules and regulations to carry out the purposes of this act; b. Suspend or revoke, after notice and hearing, the certificate or authority to transact insurance in the State of any member insurer which fails to comply with the provisions of this act, rules or regulations promulgated thereunder or any plan of operation. In addition to any other sanctions herein or otherwise provided by law, the commissioner may levy a penalty on any member insurer which fails to pay or delays in paying an assessment when due. For each month that an insurer fails to pay or delays in paying the assessment on a timely basis, the penalty shall not exceed 5% of the unpaid assessment then outstanding. For all other violations, the penalty shall not exceed $5,000.00 per violation. c. Revoke the designation of any servicing carrier if he finds claims are being handled unsatisfactorily; d. Terminate any association when he deems its existence no longer necessary to effectuate the purposes of this act. e. Require upon the termination of any association, a report of its activities which shall set forth a complete operating and financial statement; make inspections of any association's books, accounts and records including its receipts and disbursements, as he shall deem necessary. L.1974, c. 106, s. 14, eff. Sept. 19, 1974.
NJ Rev Stat § 17:30B-15 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:30B-15 - Severability

17:30B-15. Severability  If any provision of this act or the application thereof to any person or circumstance is held invalid, the invalidity shall not affect other provisions or applications of this act which can be given effect without the invalid provision or application, and for this purpose the provisions of this act are declared to be severable, provided however that if section 10 is held invalid, the entire act shall be invalid. L.1974, c. 106, s. 15, eff. Sept. 19, 1974.
NJ Rev Stat § 17:30B-16 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:30B-16 - Construction; supersedure of inconsistent laws

17:30B-16. Construction; supersedure of inconsistent laws  a. This act shall be liberally construed to effectuate the purposes set forth in section 2 a. b. All laws and parts of laws of this State inconsistent with this act are hereby deemed superseded to the extent of such inconsistency. L.1974, c. 106, s. 16, eff. Sept. 19, 1974.
NJ Rev Stat § 17:30C-2 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:30C-2 - Jurisdiction of delinquency proceedings

17:30C-2. Jurisdiction of delinquency proceedings  The Superior Court shall have original jurisdiction of delinquency proceedings under this act. L.1975, c. 113, s. 2, eff. June 3, 1975.
NJ Rev Stat § 17:30C-3 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:30C-3 - Exclusive remedy--appeal

17:30C-3. Exclusive remedy--appeal  Delinquency proceedings pursuant to this act shall constitute the sole and exclusive method of liquidating, rehabilitating, reorganizing or conserving an insurer, and no court shall entertain a petition for the commencement of such proceedings, or any other similar procedure, unless the same has been instituted by the commissioner. L.1975, c. 113, s. 3, eff. June 3, 1975.
NJ Rev Stat § 17:30C-4 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:30C-4 - Commencement of delinquency proceeding

17:30C-4. Commencement of delinquency proceeding  a. The commissioner shall commence any such proceeding by an application to the court or to any judge thereof, for an order directing the insurer to show cause why the commissioner should not have the relief prayed for. b. The application shall be by verified petition, setting forth the ground or grounds for the proceeding and the relief demanded. c. If the court is satisfied from reading the commissioner's petition that the facts therein alleged, if established, would constitute grounds for a delinquency proceeding under this act, it shall issue an order to show cause as referred to in a. above. d. On the return of the order to show cause, the court shall either deny the application or grant the application together with such other relief as the nature of the case and the interests of the policyholders, creditors, stockholders, members, subscribers or the public may require. L.1975, c. 113, s. 4, eff. June 3, 1975.
NJ Rev Stat § 17:30C-5 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:30C-5 - Injunctions

17:30C-5. Injunctions  a. Upon application by the commissioner for such an order to show cause, or at any time thereafter, the court may, without notice, issue an injunction restraining the insurer, its officers, directors, stockholders, policyholders, agents, and all other persons from the transaction of its business or the waste or disposition of its property until the further order of the court. b. The court may, at any time during a proceeding under this act, issue such other injunctions or orders as may be deemed necessary to prevent interference with the commissioner or the proceeding, or waste of the assets of the insurer, or the commencement or prosecution of any actions, or the obtaining of preferences, judgments, attachments or other liens, or the making of any levy against the insurer or against its assets or any part thereof. L.1975, c. 113, s. 5, eff. June 3, 1975.
NJ Rev Stat § 17:30C-6 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:30C-6 - Grounds for rehabilitation--domestic insurers

17:30C-6. Grounds for rehabilitation--domestic insurers  The commissioner may apply to the court for an order directing him to rehabilitate a domestic insurer upon one or more of the following grounds: That the insurer a. Is impaired or insolvent; or b. Has refused to submit its books, records, accounts or affairs to the reasonable examination of the commissioner; or c. Has concealed or removed records or assets in violation of regulations which the commissioner may adopt; or d. Has failed to comply with the commissioner's order, made pursuant to law, to make good an impairment of capital (if a stock insurer) or an impairment of surplus (if a mutual insurer) within the time prescribed by law; or e. Has transferred or attempted to transfer substantially its entire property or business, or has entered into any transaction the effect of which is to merge substantially its entire property or business in that of any other insurer without first having obtained the written approval of the commissioner; or f. Is found, after examination, to be in such condition that its further transaction of business will be hazardous to its policyholders, or to its stockholders, or to its creditors, or to the public; or g. Has willfully violated its charter or any law of this State; or h. Has an officer, director, or manager who has unlawfully refused to be examined under oath, concerning its affairs; or i. Has failed or refused to take such steps as may be necessary to remove from office any officer or director whom the commissioner has found, after notice to and hearing of such insurance company and of such officer or director, to be a dishonest or untrustworthy person; or j. Has been the subject of an application for the appointment of a receiver, trustee, custodian or sequestrator of the insurer or of its property, otherwise than pursuant to the provisions of this act but only if such appointment has been made or is imminent; or k. Has consented to such an order through a majority of its directors, stockholders, or policyholders; or l. Has failed to pay a final judgment rendered against it in any state upon any insurance contract issued or assumed by it, within 30 days after the judgment became final or within 30 days after time for taking an appeal has expired, or within 30 days after dismissal of an appeal before final determination, whichever date is the later. L.1975, c. 113, s. 6, eff. June 3, 1975.
NJ Rev Stat § 17:30C-7 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:30C-7 - Nature of rehabilitation order--termination of rehabilitation--domestic insurers

17:30C-7. Nature of rehabilitation order--termination of rehabilitation--domestic insurers  a. An order to rehabilitate a domestic insurer shall direct the commissioner forthwith to take possession of the property of the insurer and to conduct the business thereof, and to take such steps toward removal of the causes and conditions which have made rehabilitation necessary, as the court may direct. b. If at any time the commissioner deems that further efforts to rehabilitate the insurer would be useless, he may apply to the court for an order of liquidation. c. The commissioner, or any interested person upon due notice to the commissioner, at any time may apply for an order terminating the rehabilitation proceeding and permitting the insurer to resume possession of its property and the conduct of its business. L.1975, c. 113, s. 7, eff. June 3, 1975.
NJ Rev Stat § 17:30C-8 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:30C-8 - Grounds for liquidation

17:30C-8. Grounds for liquidation  The commissioner may apply to the court for an order directing him to liquidate the business of a domestic insurer or of the United States branch of an alien insurer having trusteed assets in this State, regardless of whether or not there has been prior order directing him to rehabilitate such insurer, upon any of the grounds specified in section 6, or upon any one or more of the following grounds: That the insurer a. Has ceased transacting business for a period of 1 year; or b. Is an insolvent insurer and has commenced voluntary liquidation or dissolution, or attempts to commence or prosecute any action or proceeding to liquidate its business or affairs, or to dissolve its corporate charter, or to procure the appointment of a receiver, trustee, custodian, or sequestrator under any laws except this act; or c. Has not organized or completed its organization and obtained a certificate of authority as an insurer. L.1975, c. 113, s. 8, eff. June 3, 1975.
NJ Rev Stat § 17:30C-9 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:30C-9 - Order of liquidation--domestic insurers

17:30C-9. Order of liquidation--domestic insurers  a. An order to liquidate the business of a domestic insurer shall direct the commissioner forthwith to take possession of the property of the insurer, to liquidate its business, to deal with the insurer's property and business in his own name as commissioner or in the name of the insurer as the court may direct and to give notice to all creditors who may have claims against the insurer to present such claims. b. The commissioner may apply under this act for an order dissolving the corporate existence of a domestic insurer: (1) Upon his application for an order of liquidation of such insurer, or at any time after such order has been granted; or (2) Upon the grounds specified in section 8 c., regardless of whether an order of liquidation is sought or has been obtained. L.1975, c. 113, s. 9, eff. June 3, 1975.
NJ Rev Stat § 17:30C-10 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:30C-10 - Order of liquidation--alien insurers

17:30C-10. Order of liquidation--alien insurers  An order to liquidate the business of a United States branch of an alien insurer having trusteed assets in this State shall be in the same terms as those prescribed for domestic insurers, save and except only that the assets of the business of such United States branch shall be the only assets included therein. L.1975, c. 113, s. 10, eff. June 3, 1975.
NJ Rev Stat § 17:30C-11 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:30C-11 - Grounds for conservation--foreign insurers

17:30C-11. Grounds for conservation--foreign insurers  The commissioner may apply for an order directing him to conserve the assets within this State of a foreign insurer upon any one or more of the following grounds: a. Upon any of the grounds specified in section 6, and in section 8 b. b. That its property has been sequestrated in its domiciliary sovereignty or in any other sovereignty. L.1975, c. 113, s. 11, eff. June 3, 1975.
NJ Rev Stat § 17:30C-12 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:30C-12 - Grounds for conservation--alien insurers

17:30C-12. Grounds for conservation--alien insurers  The commissioner may apply for an order directing him to conserve the assets within this State of an alien insurer upon any one or more of the following grounds: a. Upon any of the grounds specified in section 6 and in section 8 b. b. Upon the ground that the insurer has failed to comply within the time designated by the commissioner, with an order made by him to make good an impairment of its trusteed funds, or c. Upon the ground that the property of the insurer has been sequestrated in its domiciliary sovereignty or elsewhere. L.1975, c. 113, s. 12, eff. June 3, 1975.
NJ Rev Stat § 17:30C-13 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:30C-13 - Conservation or ancillary receivership--foreign insurers

17:30C-13. Conservation or ancillary receivership--foreign insurers  a. An order to conserve the assets of a foreign insurer shall direct the commissioner forthwith to take possession of the property of the insurer within this State and to conserve it, subject to the further direction of the court. b. Whenever a domiciliary receiver is appointed for any such insurer in its domiciliary state the court shall, on application of the commissioner, appoint the commissioner as the ancillary receiver in this State. c. An order to liquidate the assets in this State of a foreign insurer shall require the commissioner forthwith to take possession of the property of the insurer within this State and to liquidate it subject to the orders of the court and with due regard to the rights and powers of the domiciliary receiver, as provided in this act. L.1975, c. 113, s. 13, eff. June 3, 1975.
NJ Rev Stat § 17:30C-14 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:30C-14 - Conservation or ancillary receivership--alien insurers

17:30C-14. Conservation or ancillary receivership--alien insurers  An order to conserve the assets of an alien insurer shall direct the commissioner forthwith to take possession of the property of the insurer within this State and to conserve it, subject to the further direction of the court. L.1975, c. 113, s. 14, eff. June 3, 1975.
NJ Rev Stat § 17:30C-15 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:30C-15 - Conduct of delinquency proceedings--domestic insurers

17:30C-15. Conduct of delinquency proceedings--domestic insurers  a. Whenever under the laws of this State a receiver is to be appointed in delinquency proceedings for a domestic insurer, the court shall appoint the commissioner as such receiver. The court shall direct the commissioner forthwith to take possession of the assets of the insurer and to administer the same under the orders of the court. b. As domiciliary receiver, the commissioner shall be vested by operation of law, with the title to all property, contracts, and rights of action, and all of the books and records of the insurer wherever located, as of the date of entry of the order directing him to rehabilitate or liquidate a domestic insurer and he shall have the right to recover the same and reduce the same to his possession. c. The filing or recording of the order, directing possession to be taken, or a certified copy thereof, in the office where instruments affecting title to property are required to be filed or recorded, shall impart the same notice as would be imparted by a deed, bill of sale, or other evidence of the title duly filed or recorded. d. The commissioner, as domiciliary receiver, shall be responsible on his official bond for the proper administration of all assets coming into his possession or control. The court may at any time require an additional bond from him or his deputies, if deemed desirable for the protection of the assets. e. Upon taking possession of the assets of an insurer, the domiciliary receiver shall, subject to the direction of the court, immediately proceed to conduct the business of the insurer or to take such steps as are authorized by the laws of this State for the purpose of liquidating, rehabilitating, reorganizing, or conserving the affairs of the insurer. L.1975, c. 113, s. 15, eff. June 3, 1975.
NJ Rev Stat § 17:30C-16 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:30C-16 - Conduct of delinquency proceedings--foreign and alien insurers

17:30C-16. Conduct of delinquency proceedings--foreign and alien insurers  a. Whenever under this act an ancillary receiver is to be appointed in delinquency proceedings for an insurer not domiciled in this State, the court shall appoint the commissioner as ancillary receiver. The commissioner shall file a petition requesting the appointment on the grounds set forth in section 13 b. of this act: (1) If he finds that there are sufficient assets of the insurer located in this State to justify the appointment of an ancillary receiver; or (2) If 10 or more persons resident in this State having claims against such insurer file a petition with the commissioner requesting the appointment of such ancillary receiver. b. The domiciliary receiver for the purpose of liquidating an insurer domiciled in a reciprocal state shall be vested by operation of law with the title to all of the property, contracts and rights of action, and all of the books and records of the insurer located in this State, and he shall have the immediate right to recover balances due from local agents and to obtain possession of any books and records of the insurer found in this State. He shall also be entitled to recover the other assets of the insurer located in this State, except that upon the appointment of an ancillary receiver in this State, the ancillary receiver shall during the ancillary receivership proceedings have the sole right to recover such other assets. The ancillary receiver shall, as soon as practicable, liquidate from their respective securities those special deposit claims and secured claims which are proved and allowed in the ancillary proceedings in this State, and shall pay the necessary expenses of the proceedings. All remaining assets he shall promptly transfer to the domiciliary receiver. Subject to the foregoing provisions, the ancillary receiver and his deputies shall have the same powers and be subject to the same duties with respect to the administration of such assets as a receiver of an insurer domiciled in this State. c. The domiciliary receiver of an insurer domiciled in a reciprocal state may sue in this State to recover any assets of such insurer to which he may be entitled under the laws of this State. L.1975, c. 113, s. 16, eff. June 3, 1975.