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17:35-3. Commencing business |
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New Jersey Statutes (Unannotated) / NEW JERSEY GENERAL AND PERMANENT STATUTES (UPDATED THROUGH P.L.2023, c.256, and J.R.18) / TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE |
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17: 35-3. Commencing business 17: 35-3. Commencing business No such corporation shall commence the business of insurance until at least three hundred persons have subscribed in writing to be insured therein in the aggregate amount of at least three hundred...
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in trust for the beneficiaries, and the commissioner has certified that it has complied with the provisions of this article and is authorized to transact business....
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