New Jersey Statutes 17:48C-11. Formal requirements for subscription certificates
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Terms Used In New Jersey Statutes 17:48C-11
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- 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
In every subscription certificate issued or delivered by any dental service corporation of this State:
(a) All printed portions shall be plainly printed in type of which the face is not smaller than 10 point;
(b) there shall be a brief description of the subscription certificate on its first page and on its filing back, in type of which the face is not smaller than 14 point;
(c) the exceptions and limitations of the contract shall appear with the same prominence in the certificate as the benefits to which they apply; and
(d) if the contract contains any provisions purporting to make any portion of the articles, constitution or by-laws or regulations of the corporation or plans a part of the contract, such portion shall be set forth in full.
L.1968, c. 305, s. 11, eff. Sept. 26, 1968.