Construction of terms

N.J. Stat. § 17:49-5
in effect
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Construction of terms, for the purposes of this act, a. the business of insurance shall include the issuance of all kinds of endowment policies and annuity contracts; b. the legal effect of an undertaking to pay the equivalent of money, or to do some act of value, except the furnishing of services, upon the happening of a certain or contingent event, shall be the same as an undertaking on the part of an insurer to pay a certain or an ascertainable sum of money. L.1939, c. 188, p. 545, s. 5.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.njleg.state.nj.us/legislative-activity/statutesFetched: 10/17/2026

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