reglab/housing_qa huggingface dataset:
NJ Rev Stat § 17:46B-58 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46B-58 - Examination of title insurance companies; when authorized or required

17:46B-58. Examination of title insurance companies; when authorized or required  a. The commissioner may make an examination into the affairs of any title insurance company authorized to do a title insurance business in this State as often as he deems it expedient for the protection of the interest of the people of this State. b. The commissioner shall make an examination into the affairs of every authorized domestic title insurance company at least once in every 3 years and every title insurance rating organization at least once in every 5 years. L.1975, c. 106, s. 57, eff. May 29, 1975.
NJ Rev Stat § 17:46B-59 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46B-59 - Judicial review of commissioner's action

17:46B-59. Judicial review of commissioner's action  If any title insurance company, title insurance agent, or title insurance rating organization be dissatisfied with any decision, regulation, order, rate, rule, act or administrative ruling adopted by the commissioner, such title insurance company, title insurance agent or title insurance rating organization, may appeal therefrom to the Superior Court, Appellate Division. L.1975, c. 106, s. 58.
NJ Rev Stat § 17:46B-60 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46B-60 - Other sections applicable

17:46B-60. Other sections applicable  59. Other sections applicable. In addition to the provisions of this act, only the following provisions of the laws governing insurance companies and insurance agents as presently enacted and hereinafter amended, except as they are inconsistent with the provisions of this act, shall apply to the business of title insurance to title insurance companies, which shall be considered as within the class of insurance companies regulated by such provisions solely for the limited purpose of being subject to such provisions: P.L.1970, c.12 (C.17:1C-1 to 17:1C-18) P.L.1948, c.266 (C.17:3A-1 to 17:3A-7) R.S.17:17-1,17:17-4, 17:17-5, 17:17-8 and 17:17-10 P.L.1948, c.157 (C.17:17A-1 to 17:17A-4) P.L.1965, c.57 (C.17:17B-1 to 17:17B-8) R.S.17:18-1, 17:18-2, 17:18-4 and 17:18-10 R.S.17:19-1 to 17:19-7 R.S.17:20-4 and 17:20-5 P.L.1966, c.85 (C.17:20-6) R.S.17:21-1 to 17:21-3 P.L.1960, c.32, ss. 3, 4, and 5 (C.17:22-6.37 to 17:22-6.39) P.L.1993, c.237 (C.17:22C-1 et seq.) P.L.1993, c.239 (C.17:22D-1 et seq.) P.L.1993, c.244 (C.17:22E-1 et seq.) R.S.17:23-2, 17:23-4 and 17:23-5 P.L.1958, c.15 (C.17:23-6, 17:23-7) P.L.1993, c.236 (C.17:23-20 et seq.) P.L.1993, c.238 (C. 17:23B-1 et seq.) R.S.17:24-5, 17:24-12 P.L.1949, c.248 (C.17:24-13 to 17:24-16) R.S.17:25-7 R.S.17:26-1 to 17:26-3 R.S.17:27-1 to 17:27-5 P.L.1970, c.22 (C.17:27A-1 et seq.) P.L.1993, c.241, ss. 7, 8, 9 (C.17:27A-4.1 et al.) R.S.17:32-1, 17:32-2, 17:32-4, 17:32-8 to 17:32-10 R.S.17:32-13 and 17:32-14 P.L.1950, c.231 (C.17:32-15) P.L.1968, c.234, ss.1 to 5 (C.17:32-16 to 17:32-20). P.L.1993, c.245 (C.17:51A-1 et seq.) P.L.1993, c.243 (C.17:51B-1 et al.) L.1975,c.106,s.59; amended 1993,c.241,s.11.
NJ Rev Stat § 17:46B-61 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46B-61 - Repealer

17:46B-61. Repealer  All laws and parts of laws in conflict with the provisions of this act are hereby repealed insofar as they may be or have been applicable to the business of title insurance, title insurance companies, title insurance agents, or title insurance rating organizations; and, in case conflict should develop, the provisions of this act shall control and be effective. L.1975, c. 106, s. 60.
NJ Rev Stat § 17:46B-62 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46B-62 - Effect of this act

17:46B-62. Effect of this act  The repeal by this act of any provision of law shall not revive any law heretofore repealed or superseded, nor shall this act affect any act done, liability incurred, or any right accrued or established, or any suit or prosecution, civil or criminal, pending or to be instituted to enforce any right or penalty or punish any offense under the authority of the repealed laws. No provision of the insurance laws of this State, except as contained or referred to in this act, shall be applicable to title insurance companies, title insurance agents, title insurance rating organizations or the business of title insurance, and no law hereafter enacted shall apply to title insurance companies, title insurance agents, title insurance rating organizations or the business of title insurance unless specified to be or become so applicable. L.1975, c. 106, s. 61.
NJ Rev Stat § 17:46C-1 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46C-1 - Short title

17:46C-1. Short title  This act shall be known and may be cited as the "New Jersey Legal Services Insurance Act." L.1981, c. 160, s. 1.
NJ Rev Stat § 17:46C-2 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46C-2 - Legislative declarations

17:46C-2. Legislative declarations  It is declared that there is a need to encourage the development of effective and economically sound methods for making legal services more readily available at reasonable cost to the citizens of New Jersey; that there is a need to protect the interest of the users of legal services and of the public of this State with a minimum of restrictions on experimentation with new forms of organization, administration, or benefits; that the risks inherent in experimentation with legal services plans should be borne by the promoters of new plans rather than by the customers; that persons other than professional insurers should be permitted and encouraged to provide legal services, subject to practical and reasonable financial and regulatory requirements; that effective competition between the various systems of financing legal services should be permitted and encouraged; and that it is the purpose of this act to meet the aforementioned needs and accomplish the aforementioned objectives. L.1981, c. 160, s. 2.
NJ Rev Stat § 17:46C-4 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46C-4 - Certificate of authority; persons entitled to transact business without; necessity for other persons; application; fee; exemptions

17:46C-4. Certificate of authority; persons entitled to transact business without; necessity for other persons; application; fee; exemptions  a. (1) A person entitled to transact the business of insurance under Subtitle 3 of Title 17 of the Revised Statutes or Subtitle 3 of Title 17B of the New Jersey Statutes may transact the business of legal insurance in this State without having to obtain a certificate of authority under this act. This paragraph shall not by itself enlarge the powers of any corporation entitled to transact the business of insurance under Subtitle 3 of Title 17 of the Revised Statutes or Subtitle 3 of Title 17B of the New Jersey Statutes given by its articles of incorporation or charter, but shall authorize such a corporation formed under Title 14A of the New Jersey Statutes, Subtitle 3 of Title 17 of the Revised Statutes, Subtitle 3 of Title 17B of the New Jersey Statutes, Title 15 of the Revised Statutes or Title 16 of the Revised Statutes, including a hospital service corporation organized pursuant to P.L. 1938, c. 366 (C. 17:48-1 et seq.) to include in its powers the authority to transact the business of legal insurance. (2) No other person may transact the business of legal insurance unless he applies for and obtains a certificate of authority to transact the business of legal insurance in compliance with this act. (3) An application for a certificate of authority to transact the business of legal insurance shall be in a form prescribed by the commissioner and shall be accompanied by a fee of $250.00. If the applicant is not domiciled in this State, the application shall be accompanied by a power of attorney duly executed by the applicant appointing the commissioner and his successors in office, and duly authorized deputies, as the true and lawful attorney of the applicant in and for this State, upon whom all lawful process in any legal action or proceeding against the applicant on a cause of action arising in this State shall be served. b. Except for section 26 of this act, this act shall not apply to any person issuing group or blanket policies if fewer than 5% of the certificate holders of insureds reside in this State and the person is regulated to a comparable extent by another state in which a larger number of certificate holders or insureds reside. Any person exempt under this subsection shall file an annual report with the commissioner in accordance with the rules and regulations promulgated by the commissioner. L.1981, c. 160, s. 4. Amended by L.1983, c. 342, s. 1, eff. Sept. 8, 1983.
NJ Rev Stat § 17:46C-5 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46C-5 - Conditions for issuance; order stating person provides legal insurance

17:46C-5. Conditions for issuance; order stating person provides legal insurance  a. A certificate of authority shall be issued if the commissioner is satisfied that the following conditions are met: (1) The persons responsible for the conduct of the affairs of the applicant are competent, trustworthy, and of good reputation; (2) The applicant demonstrates the willingness and ability to assure that the promised benefits can be provided. In making this determination the commissioner shall consider so far as applicable: (a) The adequacy of capital and surplus considered in relation to the other items in subsection a. (2) of this section; (b) The financial soundness of the applicant's arrangements for legal services and the rating system proposed to be used in connection therewith; (c) Any agreement with another person authorized to do business under this act, an insurer licensed under the general insurance law to do business in this State, a reinsurer eligible under the laws or regulations of this State to provide reinsurance, or an agency of the Federal or State Government for insuring the payment of the cost of legal services or the provision for automatic applicability of an alternative coverage in the event the insurer is unable to perform its obligations; (d) Any surety bond or deposit of cash or securities as a guarantee that the obligation will be duly performed; and (e) If the applicant is licensed as an insurer under insurance laws of other states, whether the applicant has complied with the requirements of those laws. b. At the request of an applicant, the commissioner shall issue an order stating whether a person is providing legal insurance as defined in section 3c. of this act. L.1981, c. 160, s. 5.
NJ Rev Stat § 17:46C-7 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46C-7 - Transaction of business of legal insurance along with any other business; segregated accounts

17:46C-7. Transaction of business of legal insurance along with any other business; segregated accounts  Except for employee welfare benefit plans regulated by the "Employee Retirement Income Security Act of 1974" (P.L. 93-406, 29 U.S.C. 1001 et seq.), a person who obtains a certificate of authority under this act and who transacts the business of legal insurance along with any other business shall transact legal insurance wholly within a segregated account in accordance with the following requirements: a. The segregated account shall satisfy the financial requirements for issuance of a certificate of authority; b. Except under subsections f. and g. of this section the income and assets attributable to a segregated account shall always remain identifiable with the account but, unless the commissioner so orders, the assets need not be kept physically separate from other assets of said person. The income, gains and losses, whether or not realized, from assets attributable to a segregated account shall be credited to or charged against the account without regard to other income, gains or losses of said person; c. Except under subsection d. of this section, the assets attributable to a segregated account shall not be chargeable with any liabilities arising out of any other business of the person, nor shall any assets not attributable to the account be chargeable with any liabilities arising out of the segregated account; d. The segregated account shall be deemed an insurer within the meaning of P.L.1975, c. 113 (C. 17:30C-1 et seq.). Claims remaining unpaid after completion of the liquidation under P.L.1975, c. 113 (C. 17:30C-1 et seq.) shall be liens against the interests of shareholders, if any, in all of said person's assets that are not liquidated; e. Assets allocated to segregated accounts shall be the property of said person, which person shall not be nor hold himself out to be a trustee of the assets; f. Said person may allocate a portion or part of a particular asset to the segregated account; g. Said person may by an identifiable act transfer assets to or from the segregated account if: (1) The terms are fair and reasonable; and (2) The books, accounts and records of each party having an interest in the account are so maintained as to clearly and accurately disclose the precise nature and details of the transaction. L.1981, c. 160, s. 7.
NJ Rev Stat § 17:46C-8 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46C-8 - Management contract; approval

17:46C-8. Management contract; approval  a. An insurer who obtains a certificate of authority in accordance with the provisions of section 4 of this act may not enter into any management contract, unless the contract is first filed with the commissioner and not disapproved under this section. b. The commissioner shall disapprove a contract under subsection a. of this section if he finds that: (1) It subjects the insurer to excessive charges; or (2) The contract extends for an unreasonable period of time; or (3) The contract does not contain fair and adequate standards of performance; or (4) The persons empowered under the contract to manage the insurer are not sufficiently trustworthy, competent, experienced and free from conflict of interest to manage the insurer with due regard for the interests of its insureds, creditors or the public; or (5) The contract contains provisions which impair the interests of the insurer's insureds or creditors or the public. L.1981, c. 160, s. 8.
NJ Rev Stat § 17:46C-9 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46C-9 - Annual report by insurers; exceptions

17:46C-9. Annual report by insurers; exceptions  An insurer other than an insurer authorized to transact the business of insurance under subtitle 3 of Title 17 of the Revised Statutes or subtitle 3 of Title 17B of the New Jersey Statutes shall annually, on or before the first day of March, file with the commissioner a report covering the preceding calendar year verified by at least two principal officers. The report shall be on forms prescribed by the commissioner and shall include: a. A financial statement of the insurer's legal insurance business on December 31 of the year last preceding, including: (1) Its balance sheet, and (2) Its receipts and disbursements for the preceding year; b. Any material changes in the information submitted pursuant to section 5 of this act; c. Such information about the number of persons insured and terminated as may be prescribed by the commissioner; d. Such other information relating to the performance of the insurer as is necessary to enable the commissioner to carry out his duties under this act. L.1981, c. 160, s. 9.
NJ Rev Stat § 17:46C-10 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46C-10 - Reserves

17:46C-10. Reserves  An insurer shall maintain the reserves necessary for the sound operation of the business including unearned premium reserves in a manner to be determined by the commissioner. L.1981, c. 160, s. 10.
NJ Rev Stat § 17:46C-11 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46C-11 - Investments

17:46C-11. Investments  The investable funds generated through the transaction of the business of legal insurance by a person who obtains a certificate of authority under this act shall be invested in securities or other investments permitted by the laws of this State for the investment of assets of life insurers or in such other securities or investments as the commissioner shall permit. L.1981, c. 160, s. 11.
NJ Rev Stat § 17:46C-12 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46C-12 - Regulation of trade practices

17:46C-12. Regulation of trade practices  Except where inconsistent with this act, P.L.1947, c. 379 (C. 17:29B-1 to 17:29B-14) shall apply to persons obtaining a certificate of authority under this act. L.1981, c. 160, s. 12.
NJ Rev Stat § 17:46C-13 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46C-13 - Rules and regulations

17:46C-13. Rules and regulations  The commissioner shall promulgate rules and regulations to provide for the licensing of agents and brokers under this act, including the establishment of examination and licensing fees, and such other rules and regulations as are necessary or proper to carry out the provisions of this act, which rules and regulations are consistent with licensing requirements and standards in Title 17 of the Revised Statutes and Title 17B of the New Jersey Statutes. L.1981, c. 160, s. 13.
NJ Rev Stat § 17:46C-14 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46C-14 - Commissions to nonlicensees and rebates; prohibition

17:46C-14. Commissions to nonlicensees and rebates; prohibition  Commissions may not be paid to nonlicensees. Rebates are prohibited to the same extent as under Titles 17 of the Revised Statutes and 17B of the New Jersey Statutes. Penalties for noncompliance with this section shall be consistent with the licensing provisions of Titles 17 of the Revised Statutes and 17B of the New Jersey Statutes. L.1981, c. 160, s. 14.
NJ Rev Stat § 17:46C-15 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46C-15 - Examination of insurers; expenses; payment

17:46C-15. Examination of insurers; expenses; payment  The commissioner, in accordance with the procedures set forth in R.S. 17:23-4 et seq., shall make an examination of the affairs of any insurer obtaining a certificate of authority under this act as often as he deems it necessary for the protection of the interest of the people of this State. The commissioner shall have the power to charge the expenses of examination to the insurer in the manner in which they are charged under Titles 17 of the Revised Statutes and 17B of the New Jersey Statutes. L.1981, c. 160, s. 15.
NJ Rev Stat § 17:46C-16 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46C-16 - Report of violations of Code of Professional Responsibility

17:46C-16. Report of violations of Code of Professional Responsibility  The commissioner shall report to the New Jersey Supreme Court any information which he considers to be indicative of possible violations of the Code of Professional Responsibility of the American Bar Association as amended by the New Jersey Supreme Court. L.1981, c. 160, s. 16.
NJ Rev Stat § 17:46C-17 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46C-17 - Suspension or revocation

17:46C-17. Suspension or revocation  The commissioner may suspend or revoke any certificate of authority issued to a person transacting the business of legal insurance under this act, after notice and hearing, for violation of any provision of the act. L.1981, c. 160, s. 17.
NJ Rev Stat § 17:46C-18 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46C-18 - Liquidation or dissolution

17:46C-18. Liquidation or dissolution  Any liquidation or dissolution of a person transacting the business of legal insurance shall be accomplished in accordance with the provisions of P.L.1975, c. 113 (C. 17:30C-1 et seq.). L.1981, c. 160, s. 18.
NJ Rev Stat § 17:46C-19 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46C-19 - Fees; payment

17:46C-19. Fees; payment  Every person subject to this act shall pay to the commissioner fees required by R.S. 17:33-1. L.1981, c. 160, s. 19.
NJ Rev Stat § 17:46C-20 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46C-20 - Retaliatory tax provisions; application

17:46C-20. Retaliatory tax provisions; application  The provisions of P.L.1950, c. 231 (C. 17:32-15) relating to retaliatory tax provisions shall apply to insurers under this act. L.1981, c. 160, s. 20.
NJ Rev Stat § 17:46C-21 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46C-21 - Applications, filings and reports as public documents; application of attorney-client privilege; validity of independent judgment of attorney

17:46C-21. Applications, filings and reports as public documents; application of attorney-client privilege; validity of independent judgment of attorney  All applications, filings, and reports required under this act shall be treated as public documents. Nothing contained in this act shall require the filing, reporting or disclosure of information or material which is subject to an attorney-client privilege or confidence, and no insurer shall question the independent judgment of an attorney providing legal services hereunder. L.1981, c. 160, s. 21.
NJ Rev Stat § 17:46C-22 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46C-22 - Unauthorized insurers; submission to jurisdiction of state

17:46C-22. Unauthorized insurers; submission to jurisdiction of state  Subject to the provisions of this act, P.L.1952, c. 330 (C. 17:51-1 to 17:51-5), relating to unauthorized insurers, shall apply to persons transacting the business of legal insurance. L.1981, c. 160, s. 22.
NJ Rev Stat § 17:46C-23 (2021)
2021 New Jersey Revised Statutes|Title 17 - Corporations and Institutions for Finance and Insurance|Section 17:46C-23 - Application of Titles 17 and 17B to insurers authorized to transact business under Subtitle 3

17:46C-23. Application of Titles 17 and 17B to insurers authorized to transact business under Subtitle 3  The provisions of Title 17 of the Revised Statutes and Title 17B of the New Jersey Statutes shall apply generally to legal insurance offered by insurers authorized to transact the business of insurance and regulated under Subtitle 3 of Title 17 of the Revised Statutes or Subtitle 3 of Title 17B of the New Jersey Statutes; provided, however, that legal insurance sold by such insurers shall be subject to sections 2, 3, 4b., 6, 8, 13, 14, 18 and 20 of this act rather than to the corresponding sections of Title 17 of the Revised Statutes and Title 17B of the New Jersey Statutes; and further provided that the provisions of P.L.1974, c. 17 (C. 17:30A-1 et seq.) shall not apply to legal insurance offered by such insurers. L.1981, c. 160, s. 23.