{"data":{"id":"us-nj/n.j.-stat.-17-49-5","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:49-5","heading":"Construction of terms","body":"Construction of terms, for the purposes of this act,\na.  the business of insurance shall include the issuance of all kinds of endowment policies and annuity contracts;\nb.  the legal effect of an undertaking to pay the equivalent of money, or to  do some act of value, except the furnishing of services, upon the happening of  a certain or contingent event, shall be the same as an undertaking on the part  of an insurer to pay a certain or an ascertainable sum of money.\nL.1939, c. 188, p. 545, s. 5.","path":["TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE \t\t\tAND INSURANCE"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"eba276d1669f8271daf67458ad4abd0275005e70efeb91b80517446e8e9428e1","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-49-4","next":"us-nj/n.j.-stat.-17-49-6"},"notice":"GroundRules: Original legal text. Not legal advice."}