New Jersey Statutes 17:29C-1.1. Definitions relative to senior citizen insureds
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Terms Used In New Jersey Statutes 17:29C-1.1
- 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.
- 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
- 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
1. For purposes of this act:
“Commissioner” means the Commissioner of Banking and Insurance.
“Insurer” means:
a. Any 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 or Subtitle 3 of Title 17B of the New Jersey Statutes;
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 seq.);
e. Any health maintenance organization established pursuant to the provisions of P.L.1973, c.337 (C. 26:2J-1 et seq.);
f. Any insurance plan operating pursuant to P.L.1970, c.215 (C. 17:29D-1); and
g. The New Jersey Insurance Underwriting Association operating pursuant to P.L.1968, c.129 (C. 17:37A-1 et seq.).
“Policy of personal lines insurance” means any policy or contract of insurance issued or issued for delivery in this State for personal, family or household purposes, as determined by the commissioner, by an insurer on a risk located or resident in this State for which the premiums are paid directly to the insurer by the senior citizen insured.
“Senior citizen insured” means any named insured pursuant to a policy of personal lines insurance who is an individual and is at least 62 years of age.
“Commissioner” means the Commissioner of Banking and Insurance.
“Insurer” means:
a. Any 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 or Subtitle 3 of Title 17B of the New Jersey Statutes;
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 seq.);
e. Any health maintenance organization established pursuant to the provisions of P.L.1973, c.337 (C. 26:2J-1 et seq.);
f. Any insurance plan operating pursuant to P.L.1970, c.215 (C. 17:29D-1); and
g. The New Jersey Insurance Underwriting Association operating pursuant to P.L.1968, c.129 (C. 17:37A-1 et seq.).
“Policy of personal lines insurance” means any policy or contract of insurance issued or issued for delivery in this State for personal, family or household purposes, as determined by the commissioner, by an insurer on a risk located or resident in this State for which the premiums are paid directly to the insurer by the senior citizen insured.
“Senior citizen insured” means any named insured pursuant to a policy of personal lines insurance who is an individual and is at least 62 years of age.
L.1999,c.242,s.1.