{"data":{"id":"us-nj/n.j.-stat.-17b-32a-2","jurisdiction":"us-nj","citation":"N.J. Stat. § 17B:32A-2","heading":"Purpose; protection from hardship.","body":"2. a. The purpose of P.L.1991, c.208 (C.17B:32A-1 et seq.) is to protect, subject to certain limitations, those persons specified in subsection a. of section 3 of P.L.1991, c.208 (C.17B:32A-1 et seq.) from hardship because of the impairment or insolvency of any member insurer that issued the life, health, and annuity policies, plans or contracts specified in subsection b. of section 3 of P.L.1991, c.208 (C.17B:32A-1 et seq.).\nb.\tTo provide this protection, an association of member insurers is created to pay benefits and to continue coverages, as limited by P.L.1991, c.208 (C.17B:32A-1 et seq.), and members of the association are subject to assessment to provide funds to carry out the purposes of P.L.1991, c.208 (C.17B:32A-1 et seq.).\nL.1991,c.208,s.2; amended 2022, c.98, s.1.","path":["TITLE 17B 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":"f50cc55e83ca6ee01053e23f4e511d36da65efa11c7437ec20f7412a00eb78f5","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17b-32a-1","next":"us-nj/n.j.-stat.-17b-32a-3"},"notice":"GroundRules: Original legal text. Not legal advice."}