N.J.S.A. 17:49-5 — Construction of terms

17:49-5. Construction of terms 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.

This is the verbatim text of N.J.S.A. 17:49-5, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.