No person shall be a director of 2 or more competing insurers so as to substantially lessen competition generally in the business of insurance or annuity or to create a monopoly therein.
N.J. Stat. Ann. § 17B:30-11
Interlocking directorate
Known as the New Jersey Life and Health Insurance Guaranty Association Act
The act spans §§ 17B:17-1 to 17B:37-9 (1,003 sections).
Applied in 1 court decision — leading case United States v. Crocker National Corp. (1981)
Most recently applied in United States v. Crocker National Corp. (September 1981)
L.1971, c. 144, s. 17B:30-11.
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.