New Jersey Statutes 17B:32-32. Application of authorized proceedings
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 17B:32-32
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- 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
2. The proceedings authorized by this act shall be applied to:
a. All insurers who are doing, or have done, insurance business in this State, and against whom claims arising from that business may exist now or in the future.
b. All insurers who purport to do insurance business in this State.
c. All insurers who have insureds residing in this State.
d. All other persons organized or in the process of organizing with the intent to do life or health insurance or annuity business in this State.
L.1992,c.65,s.2.