Delinquency proceedings pursuant to this act shall constitute the sole and exclusive method of liquidating, rehabilitating, reorganizing or conserving an insurer, and no court shall entertain a petition for the commencement of such proceedings, or any other similar procedure, unless the same has been instituted by the commissioner.
N.J. Stat. Ann. § 17:30C-3
Exclusive remedy--appeal
Known as the New Jersey Automobile Full Insurance Availability Act
The act spans §§ 17:10B-1 to 17:9A-99 (3,637 sections).
Applied in 1 court decision — leading case State of Tenn. Ex Rel. Sizemore v. Surety Bank, NA (1996)
Most recently applied in State of Tenn. Ex Rel. Sizemore v. Surety Bank, NA (July 1996)
L.1975, c. 113, s. 3, eff
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.