New Jersey Statutes 17:22E-19. Restrictions on appointment of board of directors
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 17:22E-19
- 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
19. A reinsurer shall not appoint to its board of directors any officer, director, employee, controlling shareholder or subproducer of its reinsurance intermediary-manager. This section shall not apply to relationships governed by P.L.1970, c.22 (C. 17:27A-1 et seq.) or, if applicable, any laws governing business transacted by producer-controlled property and casualty insurers in this State.
L.1993,c.244,s.19.