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New Jersey Statutes, Title: 17B, INSURANCE
Chapter 35: Certificate of authority existing prior to effective date of act; expiration; renewal
Section: 17B:35-7: Insurer organized under any repealed act; continuance of existence and rights
The repeal by this code of the whole or any part of any act under which there was organized any insurer in existence on the effective date of this code shall not work a dissolution of such insurer, but the existence of such insurer and the tenure of its officers and directors shall be preserved and such insurer, its officers, directors and policyholders shall have the same rights and shall be subject to the same limitations, restrictions, liabilities and penalties as those prescribed by this code for insurers organized under this code, their officers, directors and policyholders.
L.1971, c. 144, s. 17B:35-7.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 17b:35-7 (if available):
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