New Jersey Statutes 17:23B-1. Definitions
Terms Used In New Jersey Statutes 17:23B-1
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- 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
“Commissioner” means the Commissioner of Insurance.
“Department” means the Department of Insurance.
“Insurer” means:
a. A corporation, association, partnership, reciprocal exchange, interinsurer, Lloyd’s insurer, fraternal benefit society or other person engaged in the business of insurance pursuant to Subtitle 3 of Title 17 of the Revised Statutes (R.S.17:17-1 et seq.), or Subtitle 3 of Title 17B of the New Jersey Statutes (N.J.S. 17B:17-1 et seq.);
b. Any medical service corporation operating pursuant to P.L.1940, c.74 (C. 17:48A-1 et seq.);
c. Any hospital service corporation operating pursuant to P.L.1938, c.366 (C. 17:48-1 et seq.);
d. Any health service corporation operating pursuant to P.L.1985, c.236 (C. 17:48E-1 et al.); and
e. Any dental service corporation operating pursuant to P.L.1968, c.305 (C. 17:48C-1 et seq.).
“NAIC” means the National Association of Insurance Commissioners.
L.1993,c.238,s.1.