L&HNJmedium
In New Jersey, the Insurance Holding Company System Act that sits umbrella over life insurers is codified at which statute?
AN.J.S.A. 17B:17
BN.J.S.A. 17B:25
CN.J.S.A. 17B:32
N.J.S.A. 17:27A
Why this is the answer
N.J.S.A. 17:27A is New Jersey's Insurance Holding Company System Act and acts as an umbrella statute over life and health insurers, covering acquisitions of control, intra-group transactions, and ongoing reporting to DOBI.
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