§ 43-6a-22

43:6A-22. Qualifications for life insurance company Any life insurance company must meet the following requirements in order to qualify under section 21: a. be licensed under the laws of the State of New Jersey to transact life and accidental death insurance; and b. the amount of its group life insurance in the State of New Jersey shall at the time said insurance is to be purchased equal at least 1% of the total amount of such group life insurance in the State of New Jersey in all life insurance companies. L.1973, c. 140, s. 22, eff. May 22, 1973.