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New Jersey · Through P.L.2025, c.405, and J.R.22 · Newer source version available

N.J. Stat. § 17:48E-46.8: Non-obligation of distribution payment to members, policyholders

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Where this section sits in the code
  1. TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

8. Neither the adoption nor the implementation of a plan of mutualization and reorganization shall be deemed to give rise to any obligation by or on behalf of any entity in the mutual holding company system or any predecessor entity to make any distribution or payment to any member or policyholder, or to any other person, fund, or entity of any nature whatsoever, in connection with the ownership, control, benefits, policies, purpose, or nature of any entity in the mutual holding company system, any predecessor entity or otherwise.

L.2020, c.145, s.8.

Collected 2026-08-27T17:54:13Z. Source file · JSON

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