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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Chapter 22e:
Section: 17:22e-19: Restrictions on appointment of board of directors
19. A reinsurer shall not appoint to its board of directors any officer, director, employee, controlling shareholder or subproducer of its reinsurance intermediary-manager. This section shall not apply to relationships governed by P.L.1970, c.22 (C.17:27A-1 et seq.) or, if applicable, any laws governing business transacted by producer-controlled property and casualty insurers in this State.
L.1993,c.244,s.19.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 17:22e-19 (if available):
Court decisions that cite this statute:
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