N.J. Rev. Stat. § 17B:18-60. Merger and consolidation of stock insurers: Organization, Management, Authorization, Powers and Changes in Organization of Insurers– Changes in Organization, Including Merger – New Jersey
Status: EnactedYear Enacted: 1971
Year Amended: 1972
File: Download
A domestic stock insurer may merge or consolidate with one or more domestic or foreign stock insurers in the following manner and subject to the following provisions. No such merger or consolidation shall be effectuated unless in advance thereof the plan and agreement therefor have been filed with the commissioner and approved in writing by him after a hearing thereon.
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