N.J. Stat. tit. 17B, ch. 35

in effect

N.J. Stat. § 17B:35-1 Certificate of authority existing prior to effective date of act; expiration; renewal

Every certificate of authority of an insurer in force immediately prior to the effective date of this act and existing under any law herein repealed shall be valid until midnight of the last day of April next following such effective date, unless earlier terminated in accordance with this act. Such certificate of authority upon first renewal under this act shall be replaced by a certificate of authority in form as consistent with this act, and shall thereafter be subject to continuance, suspension, revocation or termination as though originally issued under this act. L.1971, c. 144, s. 17B:35-1.

N.J. Stat. § 17B:35-2 Licenses in force prior to effective date of act; continuance; expiration; renewal

Every license in force immediately prior to the effective date of this act and existing under any law herein repealed shall be valid until midnight of the day such license would have expired under such law, unless earlier suspended, revoked, or terminated in accordance with this act. Such license upon first renewal under this act shall be replaced by a license in form consistent with this act, and shall thereafter be subject to continuation, suspension, revocation, or termination as though originally issued under this act. L.1971, c. 144, s. 17B:35-2.

N.J. Stat. § 17B:35-3 Form of insurance document, rate or filing lawfully used prior to effective date of act; continuance of use and effectiveness

Every form of insurance document and every rate or other filing lawfully in use immediately prior to the effective date of this act may continue to be so used or be effective until the commissioner otherwise prescribes pursuant to this act; except, that before expiration of one year from and after such effective date neither this act nor the commissioner shall prohibit the use of any such document, rate, or filing because of any power, prohibition, or requirement contained in this act which did not exist under laws in force immediately prior to such effective date, unless expressly otherwise provided in this act. L.1971, c. 144, s. 17B:35-3.

N.J. Stat. § 17B:35-4 Deposits in compliance with condition precedent to or in connection with certificate of authority prior to effective date of act; use for similar purposes

Any deposit made in this State under any law repealed herein, with or through the Department of Insurance or the commissioner, or by any insurer in compliance with a condition precedent to or in connection with its certificate of authority to transact insurance in this State, and so on deposit immediately prior to the effective date of this act, shall be given full recognition as fulfillment, to the extent of such deposit, or any deposit so required for similar purposes under this act. The deposit shall hereafter be held for the purpose applicable thereto as specified in this act, and shall be subject in all respects to the provisions of this act applicable to similar deposits newly made under this act. L.1971, c. 144, s. 17B:35-4.

N.J. Stat. § 17B:35-5 References to repealed provisions as references to provisions of this act

Any laws of New Jersey, other than this act, remaining in force after the effective date of this act which refer to certain provisions of law repealed under this act, shall be deemed to refer to those provisions of this act which are in substance the same or substantially the same as such repealed provisions. L.1971, c. 144, s. 17B:35-5.

N.J. Stat. § 17B:35-6 Impairment or effect on acts, offenses, rights, penalties, etc., prior to effective date of act

This act shall not impair or affect any act done, offense committed, or right accruing, accrued, or acquired, or liability, penalty, forfeiture or punishment incurred, prior to the time this act takes effect, but the same may be enjoyed, asserted, enforced, prosecuted or inflicted, as fully and to the same extent as if this act had not been passed. L.1971, c. 144, s. 17B:35-6.

N.J. Stat. § 17B:35-7 Insurer organized under any repealed act; continuance of existence and rights

The repeal by this code of the whole or any part of any act under which there was organized any insurer in existence on the effective date of this code shall not work a dissolution of such insurer, but the existence of such insurer and the tenure of its officers and directors shall be preserved and such insurer, its officers, directors and policyholders shall have the same rights and shall be subject to the same limitations, restrictions, liabilities and penalties as those prescribed by this code for insurers organized under this code, their officers, directors and policyholders. L.1971, c. 144, s. 17B:35-7.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.njleg.state.nj.us/legislative-activity/statutesFetched: 10/17/2026