§ 17:45-1 Mutual benefit association defined
§ 17:45-2 Certificate of authority prerequisite to transacting business
§ 17:45-3 Prerequisites to issuance of certificate; time for qualifying
§ 17:45-4 Certificates; limitations; age limits; exceptions
§ 17:45-5 Provisions required in death benefit certificates
§ 17:45-6 Provisions required in accident and sick benefit certificates
§ 17:45-7 Certain provisions prohibited; fees
§ 17:45-8 Minimum guarantee fund; investment or deposit; replenishment
§ 17:45-9 Benefit fund; use; additions; transfer of excess
§ 17:45-10 Reserve fund; increases; amount annually certified to commissioner
§ 17:45-11 Expense fund; contracts for payment of fees; certain contracts prohibited; investments
§ 17:45-12 Annual statement; time for filing; extension; inquiries by commissioner
§ 17:45-13 Failure to file annual statement or answer inquiries; penalty; authority to cease on notice
§ 17:45-14 Examination of companies; expenses; expenses when association insolvent; gifts to authorities prohibited
§ 17:45-16 Fees to be paid by association
§ 17:45-17 Penalty for violation; recovery; misrepresentation by employee or agent a misdemeanor
§ 17:45-18 Chapter inapplicable to certain associations and companies
§ 17:45-19 Certificates issued under prior law continued; conditions
§ 17:45-20 Partial unconstitutionality; chapter void if section 17:45-18 invalid
§ 17:45-21 Chapter inapplicable to certain associations
§ 17:45-22 Death benefits payable notwithstanding section 17:45-21 or other laws
§ 17:45-23 Minimum assets
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Terms Used In New Jersey Statutes > Title 17 > Chapter 45 - Mutual Benefit Association Defined

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • 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.
  • Fraud: Intentional deception resulting in injury to another.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • 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.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • person: includes corporations, companies, associations, societies, firms, partnerships and joint stock companies as well as individuals, unless restricted by the context to an individual as distinguished from a corporate entity or specifically restricted to one or some of the above enumerated synonyms and, when used to designate the owner of property which may be the subject of an offense, includes this State, the United States, any other State of the United States as defined infra and any foreign country or government lawfully owning or possessing property within this State. See New Jersey Statutes 1:1-2
  • registered mail: include "certified mail". See New Jersey Statutes 1:1-2
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • 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
  • sworn: includes "affirmed. See New Jersey Statutes 1:1-2