reglab/statecodes huggingface dataset:
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:17-3 - Life insurance defined

17B:17-3. Life insurance defined
"Life insurance" is a policy or contract whereby an insurer is obligated to pay or allow a benefit of pecuniary value with respect to the cessation of human life. Life insurance includes also the granting of endowment benefits and optional modes of settlement of proceeds of life insurance as well as provisions for a. additional benefits in event of death by accident or accidental means or in event of dismemberment or loss of sight, or b. safeguarding such insurance against lapse or giving a special surrender value or special benefit or an annuity in the event that the insured shall become totally and permanently disabled, whether such provisions are incorporated in a policy or contract of life insurance or in a policy or contract supplemental thereto. Life insurance does not include workmen's compensation coverages.
L.1971, c. 144, s. 17B:17-3.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:17-4 - Health insurance defined

17B:17-4. Health insurance defined
"Health insurance" is a contract or agreement whereby an insurer is obligated to pay or allow a benefit of pecuniary value with respect to the bodily injury, disablement, sickness, death by accident or accidental means of a human being, or because of any expense relating thereto, or because of any expense incurred in prevention of sickness, and includes every risk pertaining to any of the enumerated risks. Health insurance does not include workmen's compensation coverages.
L.1971, c. 144, s. 17B:17-4.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:17-5 - Annuity defined

17B:17-5. Annuity defined
"Annuity" is a contract not coming within the definition of life insurance as set forth in section 17B:17-3, or health insurance as set forth in section 17B:17-4, under which an insurer obligates itself to make periodic payments for a specified period of time, such as for a number of years, or until the happening of an event, or for life, or for a period of time determined by any combination thereof. Such a contract which includes extra benefits of the kinds set forth in sections 17B:17-3 or 17B:17-4 shall nevertheless be deemed to be an annuity if such extra benefits constitute a subsidiary or incidental part of the entire contract.
L.1971, c. 144, s. 17B:17-5.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:17-7 - Domestic insurer, foreign insurer, alien insurer defined

17B:17-7. Domestic insurer, foreign insurer, alien insurer defined
a. A "domestic" insurer is one formed under the laws of this State.
b. A "foreign" insurer is one formed under the laws of a jurisdiction of the United States of America other than this State.
c. An "alien" insurer is one formed under the laws of any country other than the United States of America, its States, districts, territories, commonwealths, possessions and the Panama Canal Zone.
L.1971, c. 144, s. 17B:17-7.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:17-8 - State defined

17B:17-8. State defined
When used in context signifying a jurisdiction other than the State of New Jersey, "State" means any State, district, territory, commonwealth, or possession of the United States of America, and the Panama Canal Zone.
L.1971, c. 144, s. 17B:17-8.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:17-9 - Domicile defined

17B:17-9. Domicile defined
The "domicile" of an insurer means:
a. As to Canadian insurers, the province in which the insurer's head office is located.
b. As to other alien insurers authorized to transact insurance in one or more States, as provided in section 17B:23-5c.
c. As to alien insurers not authorized to transact insurance in one or more States, the country under the laws of which the insurer was formed.
d. As to all other insurers, the State under the laws of which the insurer was formed.
L.1971, c. 144, s. 17B:17-9.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:17-10 - Principal office defined

17B:17-10. Principal office defined
"Principal office" means:
a. As to Canadian insurers, the office in Canada from which the general affairs of the insurer are directed or managed.
b. As to other alien insurers authorized to transact insurance in one or more States, the office in the United States from which the general affairs of the insurer in the United States are directed or managed.
c. As to all other insurers, the office from which the general affairs of the insurer are directed or managed.
L.1971, c. 144, s. 17B:17-10.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:17-11 - Authorized insurer, unauthorized insurer defined

17B:17-11. Authorized insurer, unauthorized insurer defined
a. An "authorized insurer" is one duly authorized by a current certificate of authority issued by the commissioner pursuant to this code to act as an insurer in this State.
b. An "unauthorized insurer" is an insurer not so authorized.
L.1971, c. 144, s. 17B:17-11.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:17-12 - Certificate of authority; license defined

17B:17-12. Certificate of authority; license defined
a. A "certificate of authority is a certificate issued by the commissioner evidencing the authority of an insurer to transact insurance in this State.
b. A "license" is authority granted by the commissioner pursuant to this code authorizing the licensee to engage in a business or operation of insurance in this State as an agent, broker, or solicitor, as the case may be, and the written evidence of such authority.
L.1971,c.144.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:17-13 - Misdemeanor to do business unless authorized

17B:17-13. Misdemeanor to do business unless authorized
a. No person shall act as an insurer in this State without complying with the applicable provisions of this Code.
b. No person by himself, or by his brokers, agents, solicitors, surveyors, canvassers or other representatives of whatever designation, nor any such broker, agent, solicitor, surveyor, canvasser, or other representative, shall solicit, negotiate or effect any contract of insurance of any kind or sign, deliver or transmit, by mail or otherwise, any policy or annuity contract or receive any premium, commission, fee or other payment thereon, or maintain or operate any office in this State for the transaction of the business of insurance, or in any manner, directly or indirectly, transact the business of insurance of any kind whatsoever, within this State, unless specifically authorized under the laws of this State.
c. Specific authorization under the laws of this State shall not be required with respect to the following:
(1) Investigation, settlement, or litigation of claims under an insurer's policies lawfully written in this State, or liquidation of such insurer's assets and liabilities (other than the collection of new premiums) all as resulting from its former authorized operation in this State.
(2) Transactions involving a policy subsequent to issuance thereof lawfully solicited, written, or delivered outside this State.
(3) Reinsurance when transacted as authorized under section 17B:18-62.
(4) The continuation and servicing of life or health insurance policies or annuity contracts remaining in force as to residents of this State when the insurer is not transacting new insurance therein.
(5) Group life or health insurance or annuity contracts covering residents of this State under a group policy or contract lawfully issued in another State.
d. Any person violating any of the provisions of this section shall be guilty of a misdemeanor.
L.1971, c. 144, s. 17B:17-13.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:17-14 - General penalty

17B:17-14. General penalty
Each violation of this Code as to which a penalty is not provided by another provision of this Code or by other applicable laws of this State shall be a misdemeanor, and may in addition to any prescribed applicable denial, suspension, or revocation of certificate of authority, license, or permit be punishable upon conviction in the manner prescribed for misdemeanors under the provisions of Title 2A of the statutes of this State. Each instance of such violation may be considered a separate offense.
L.1971, c. 144, s. 17B:17-14.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:17-16 - Separability of provisions

17B:17-16. Separability of provisions
If any provision of this Code or the application thereof to any person or circumstance is held invalid, the invalidity shall not affect other provisions or applications of this Code which can be given effect without the invalid provision or application, and for this purpose the provisions of the Code are separable.
L.1971, c. 144, s. 17B:17-16.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:17-18 - Purpose

17B:17-18. Purpose
The purpose of this act is to establish minimum standards for language used in policies, contracts and certificates of life insurance, health insurance, annuity, credit life insurance and credit health insurance, delivered or issued for delivery in this State, to facilitate ease of reading by insureds.
This act is not intended to increase the risk assumed by insurance companies or other entities subject to this act or to supersede their obligation to comply with the substance of other insurance legislation applicable to life, health, credit life or credit health insurance or annuity policies. This act is not intended to impede flexibility and innovation in the development of policy forms or content or to lead to the standardization of policy forms or content.
L.1979, c. 167, s. 2, eff. Aug. 6, 1979.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:17-19 - Definitions

17B:17-19. Definitions
As used in this act:
a. "Policy" or "policy form" means any policy, contract, certificate, or agreement of life or health insurance, including credit life insurance and credit health insurance, or annuity, delivered or issued for delivery in this State by any company subject to this act; any certificate, contract, or policy issued by a fraternal benefit society; and any certificate issued pursuant to a group insurance policy delivered or issued for delivery in this State.
b. "Company" or "insurer" means any life or health insurance company, fraternal benefit society, nonprofit health service corporation, nonprofit hospital service corporation, nonprofit medical service corporation, nonprofit dental service corporation, mutual benefit association, and all similar type organizations.
c. "Commissioner" means the Commissioner of Insurance.
L.1979, c. 167, s. 3, eff. Aug. 6, 1979.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:18-13 - Qualified voters; "policyholder" defined

17B:18-13. Qualified voters; "policyholder" defined
The qualified voters of the insurer shall consist of every policyholder who is 18 years of age or more and whose policy has been in force for at least 1 year. For the purposes of this section the term "policyholder" shall mean a. the person insured under an individual policy of life or health insurance, except where such policy declares some other person to be the owner thereof, in which case such owner shall be deemed to be the policyholder, b. the person to whom any annuity or pure endowment is presently or prospectively payable by the terms of an individual annuity or pure endowment contract except where the policy or contract declares some other person to be the owner thereof, in which case such owner shall be deemed to be the policyholder, c. the policyholder of any group life or health policy and d. the contract holder of any group annuity contract.
L.1971, c. 144, s. 17B:18-13. Amended by L.1973, c. 22, s. 4, eff. Feb. 8, 1973.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:18-14 - Elections of directors of mutual insurers; procedure, ballots

17B:18-14. Elections of directors of mutual insurers; procedure, ballots
Each qualified voter of the insurer at such election shall be entitled to cast one vote in person or by proxy. The president, or, in his absence, a vice-president of the insurer, shall preside at the election and the secretary, or, in his absence, an assistant secretary of the insurer shall make and keep a record of the proceedings. Voting shall be by ballot and tellers to receive and count the votes and to determine the validity thereof shall be elected by a head vote of policyholders and their proxies present at the meeting. Ballots shall be prepared and furnished by the insurer to all voters at the election. No ballot shall be counted unless it shall set forth the number of the voter's policy and be signed by him or by his proxy, and no ballot shall be counted if cast for any person other than one nominated as herein provided. The polls shall remain open in no case for less than 4 hours.
L.1971, c. 144, s. 17B:18-14.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:18-15 - Nominations by others than board of directors; notice of election

17B:18-15. Nominations by others than board of directors; notice of election
In case any nomination shall have been made by others than by the board of directors, the insurer shall cause notice of the time and place of the election and of the several nominations of candidates to be published at least 4 times at intervals of not less than 1 week, the first publication to be not more than 60 days and the last publication not less than 15 days prior to such election in at least 3 newspapers published in each State of the United States and in each province of Canada in which the insurer is authorized to do business, one of such publications in each State or province to be, whenever possible, in a newspaper published in the capital city of each such State or province. Such notice shall contain the names of the persons nominated by the board of directors and by others at the time of commencement of publication and the death, withdrawal or incapacity of any such nominee or the nomination of any person in his stead before or after the completion of publication shall not invalidate such notice, nor shall the omission of any publication herein prescribed invalidate such notice or the election to which it relates; provided, the insurer shall have made diligent effort to cause such publication to be made.
L.1971, c. 144, s. 17B:18-15.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:18-16 - Canvass of votes; tie vote

17B:18-16. Canvass of votes; tie vote
All ballots voted shall be received by the tellers subject to verification and ascertainment of the validity thereof and of the qualification of the voters, and, in the case of ballots voted by proxy, the respective proxy instruments shall be filed with the tellers. Immediately upon the closing of the polls the tellers shall proceed to canvass the votes. The canvass shall proceed from day to day until completed. All ballots and proxy instruments received by the tellers shall immediately upon the completion of the canvass be placed in sealed packages and preserved by them for at least 1 year from the date of election. The person receiving the highest number of votes for each office of director to be filled shall be elected for a full term. In case 2 or more persons shall receive the same number of votes for the same office, the tellers shall decide the election by lot.
L.1971, c. 144, s. 17B:18-16.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:18-17 - Report of result of election

17B:18-17. Report of result of election
At the conclusion of the canvass the tellers shall report in writing to the secretary of the corporation the result thereof and he shall thereupon make a certificate, duly sworn to, setting forth the result of the election as shown by such report and shall file the same with the commissioner.
L.1971, c. 144, s. 17B:18-17.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:18-18 - Choosing of directors for mutual life insurers having in excess of ten million policies in force

17B:18-18. Choosing of directors for mutual life insurers having in excess of ten million policies in force
The directors of any mutual insurer of this State heretofore or hereafter incorporated pursuant to the provisions of the laws of this State which now or hereafter shall have in excess of ten million life insurance policies of the insurer in force as set forth in any annual statement of such insurer filed with the commissioner shall be of the number and shall be chosen in the manner set forth in sections 17B:18-19 to 17B:18-28, inclusive, any provision of law or of the certificate of incorporation or charter of such corporation to the contrary notwithstanding.
L.1971, c. 144, s. 17B:18-18.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:18-19 - Number of directors; appointment of public directors; ex officio directors

17B:18-19. Number of directors; appointment of public directors; ex officio directors
Subject to the provisions of section 17B:18-21 as to the number of elected directors, the number of the directors of any such mutual insurer to which sections 17B:18-18 to 17B:18-28, inclusive, apply, shall be twenty-three, except where the chairman of the board and not the president is the chief executive officer of the corporation in which case the number shall be twenty-four, all of whom shall be policyholders of the corporation. Six of such directors shall be appointed as hereinafter provided by the Chief Justice of the Supreme Court of New Jersey and are hereinafter called the public directors. Sixteen of such directors shall be elected in the manner hereinafter provided and are hereinafter called the elected directors. The president of the corporation shall be ex officio a director, and the chairman of the board, if he is the chief executive officer of the corporation, shall also be ex officio a director; and if the president or such chairman of the board shall be a director by appointment or election either at the time of his election as president or chairman of the board, or on the date that sections 17B:18-18 to 17B:18-28, inclusive, become applicable to such corporation, the office of director so held by the president or such chairman of the board shall become vacant.
L.1971, c. 144, s. 17B:18-19.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:18-20 - Public directors; carry-overs; appointments; terms; vacancies; powers

17B:18-20. Public directors; carry-overs; appointments; terms; vacancies; powers
Each director of any such mutual insurer heretofore appointed as a public director in accordance with P.L.1953, chapter 156 and holding office as such on the effective day of this Code, shall continue in office as a public director until the expiration of the term for which he shall have been appointed. Whenever the provisions of sections 17B:18-18 to 17B:18-28, inclusive, shall for the first time become applicable to any mutual insurer, other than a mutual insurer then having public directors in accordance with the first sentence of this section, the Chief Justice of the Supreme Court of New Jersey shall thereupon appoint the 6 public directors for respective terms beginning on the date of appointment, such that the term of one public director shall expire on the date of the annual election of directors in each of the first 6 calendar years following the year in which sections 17B:18-18 to 17B:18-28, inclusive, for the first time become applicable to such mutual insurer. When such mutual insurer has public directors pursuant to either the first or second sentence of this section, thereafter one public director shall be appointed annually by the Chief Justice of the Supreme Court of New Jersey for a term of 6 years and shall hold office until his successor has been appointed and has qualified. In case any vacancy shall occur in the office of public director, such vacancy shall be filled by the appointment of another public director by the Chief Justice of the Supreme Court of New Jersey for the unexpired term to which such vacancy relates. The public directors shall have the same powers, privileges and duties as the other directors, and such additional powers as provided in said sections.
L.1971, c. 144, s. 17B:18-20.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:18-21 - Elected directors; carry-overs; terms; vacancies

17B:18-21. Elected directors; carry-overs; terms; vacancies
Each director of any mutual insurer, other than its president and other than the chairman of the board if he is the chief executive officer and other than one appointed as a public director in accordance with the provisions of P.L.1953, chapter 156, holding office as such at the time sections 17B:18-18 to 17B:18-26, inclusive, for the first time become applicable to such insurer shall continue in office as an elected director until the expiration of the term for which he shall have been elected, notwithstanding the number of elected directors shall be greater or less than 16. At each annual election of directors, commencing with the annual election in the calendar year following the first year in which such insurer becomes subject to sections 17B:18-18 to 17B:18-28, inclusive, or, in the case of an insurer which on the effective date of this Code has directors who were elected in accordance with the provisions of P.L.1953, chapter 156, commencing with the first annual election of directors following the effective date of this Code, 4 elected directors shall be elected in the manner hereinafter provided, each for a term of 4 years, and each such elected director shall hold office until his successor has been elected and has qualified. Except as otherwise provided in sections 17B:18-18 to 17B:18-28, inclusive, in case any vacancies shall occur in the office of an elected director, such vacancies shall be filled by the board of directors by majority vote of its entire number for the unexpired term to which such vacancy relates.
L.1971, c. 144, s. 17B:18-21.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:18-22 - Elected directors; manner of electing

17B:18-22. Elected directors; manner of electing
The elected directors shall be elected in the manner provided in sections 17B:18-23 to 17B:18-27, inclusive, by the qualified voters of the corporation at the annual election of directors to be held on the date and at the place prescribed by the corporation's certificate of incorporation or charter, by-laws, or otherwise.
L.1971, c. 144, s. 17B:18-22.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:18-23 - Qualified voters; "policyholder" for purpose of election defined

17B:18-23. Qualified voters; "policyholder" for purpose of election defined
The qualified voters of the insurer shall consist of every policyholder who is 18 years of age or more and whose policy has been in force for at least 1 year. For the purposes of this section the term "policyholder" shall mean a. the person insured under an individual policy of life or health insurance, except where such policy declares some other person to be the owner thereof, in which case such owner shall be deemed to be the policyholder, b. the person to whom any annuity or pure endowment is presently or prospectively payable by the terms of an individual annuity or pure endowment contract except where the policy or contract declares some other person to be the owner thereof, in which case such owner shall be deemed to be the policyholder, c. the policyholder of any group life or health policy and d. the contract holder of any group annuity contract.
L.1971, c. 144, s. 17B:18-23. Amended by L.1973, c. 22, s. 5, eff. Feb. 8, 1973.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:18-24 - Nomination of candidates; demand by public directors

17B:18-24. Nomination of candidates; demand by public directors
The board of directors shall by a vote of a majority of its entire number nominate a candidate for each office of elected director to be filled at each annual election of directors commencing with the first election at which 4 elected directors are to be elected pursuant to the provisions of section 17B:18-21 after sections 17B:18-18 to 17B:18-28, inclusive, become applicable to such insurer. Not more than 10 months, nor less than 9 months, before the date of each such annual election, the secretary of the corporation shall file a certificate of such nominations with the commissioner, giving the name, address and occupation of each candidate, together with a statement in writing from each of such candidates that he will accept if elected. If a majority of the public directors of the corporation shall determine that other candidates should be nominated in the best interests of the insurer, its policyholders and the public, they shall file with the commissioner not more than 9 months nor less than 8 months before the date of the next ensuing annual election of directors, a statement of their determination and a demand signed by a majority of them that other candidates be nominated.
L.1971, c. 144, s. 17B:18-24.
2023 New Jersey Revised Statutes › Title 17B - Insurance › Section 17B:18-27 - Mailing of ballot; effect

17B:18-27. Mailing of ballot; effect
The mailing of a ballot to any person shall not be construed as an admission of the validity of any policy or that such person was a policyholder; and no such mailing shall be competent evidence in any action or proceeding in which the question of the validity of any policy is involved.
L.1971, c. 144, s. 17B:18-27.