L&HNJmedium
Which chapter of N.J.S.A. Title 17B contains the framework for the rehabilitation and liquidation of an insolvent New Jersey life or health insurer?
AN.J.S.A. 17B:17
N.J.S.A. 17B:32
CN.J.S.A. 17B:25
DN.J.S.A. 17B:26
Why this is the answer
N.J.S.A. 17B:32 governs delinquency proceedings, including rehabilitation and liquidation, of insolvent New Jersey life and health insurers. The DOBI Commissioner serves as receiver under court supervision.
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