New Jersey Statutes 17B:17-7. Domestic insurer, foreign insurer, alien insurer defined
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Terms Used In New Jersey Statutes 17B:17-7
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
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