New Jersey Statutes 17B:18-3. Mutual insurer defined
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Terms Used In New Jersey Statutes 17B:18-3
- 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
A domestic mutual insurer is an insurer incorporated in accordance with the laws of this State without permanent capital stock, the governing body of which, except while temporary capital stock is outstanding as provided in section 17B:18-9 and except as provided in section 17B:18-20, is elected by its policyholders.
L.1971, c. 144, s. 17B:18-3