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Can you summarize NJST Chapter 17:15C?
CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE >
Short Summary
These legal documents pertain to licensees in the finance and insurance industry in New Jersey. They cover various aspects such as record-keeping requirements, investigation and licensing of applicants, security devices for foreign money transmitters, definitions of terms, exemptions from the application of the act, net worth requirements, application filing requirements, jurisdiction and service of process, regulations, violations and penalties, powers of the commissioner, confidentiality of information, suspension and revocation of licenses, authorized delegates, acquisition of control, investigation and examination of licenses. The documents provide guidelines and regulations for licensees in the finance and insurance industry, ensuring compliance with the law and protecting the interests of the public. No specific penalties are mentioned in these documents.
Whom does it apply to?
Licensees in the finance and insurance industry in New Jersey
What does it govern?
Licensees in the finance and insurance industry in New Jersey
What are exemptions?
The United States and its departments, agencies, or instrumentalities, the United States Postal Service, the State of New Jersey and its political subdivisions, certain financial institutions, electronic transfer of government benefits, and licensed debt adjusters are exempt from the application of this act. Authorized delegates of a licensee, acting within the scope of authority conferred by a written contract, are not required to obtain a license.
What are the Penalties?
No specific penalties are mentioned in this document.
Jurisdiction
New Jersey