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New Jersey Statutes, Title: 17B, INSURANCE
Chapter 30: Declaration of purpose
Section: 17B:30-10: Stock acquisition, common management
No insurer shall retain, invest in or acquire the whole or any part of the capital stock of any other insurer or insurers, or have a common management with any other insurer or insurers which shall by reason of such retention, investment or acquisition of such capital stock, or common management, substantially lessen competition generally in the business of insurance or annuity or create a monopoly therein.
L.1971, c. 144, s. 17B:30-10.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 17b:30-10 (if available):
Court decisions that cite this statute:
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