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New Jersey Statutes, Title: 17B, INSURANCE

    Chapter 23: Translation of business by foreign and alien insurers

      Section: 17B:23-4: Revocation of authority to do business

           The authority of a foreign or alien insurer may be revoked, after notice and hearing, pursuant to the Administrative Procedure Act (P.L.1968, c. 410) and any rules adopted thereunder if it fails to comply with any provision of law obligatory upon it, or for any reason for which the commissioner may refuse to issue or renew its certificate of authority under section 17B:23-2 of this chapter, or when in the opinion of the commissioner its condition is unsound.

L.1971, c. 144, s. 17B:23-4.



This section added to the Rutgers Database: 2013-06-10 16:36:30.






Older versions of 17b:23-4 (if available):



Court decisions that cite this statute: CLICK HERE.