New Jersey Statutes 17:48E-45. Definitions relative to conversion
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Terms Used In New Jersey Statutes 17:48E-45
- 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.
> 1. As used in sections 2 through 4 of this act:
“Commissioner” means the Commissioner of Insurance.
“Conversion” means the conversion of a health service corporation to a domestic mutual insurer in accordance with the provisions of sections 2 through 4 of P.L.1995, c.196 (C. 17:48E-46 through C. 17:48E-48).
“Domestic mutual insurer” means an insurer as defined pursuant to N.J.S. 17B:18-3
“Health maintenance organization” means a health maintenance organization as defined pursuant to section 2 of P.L.1973, c.337 (C. 26:2J-2).
L.1995,c.196,s.1.