# N.J. Stat. § 17:46C-5: Conditions for issuance; order stating person provides legal insurance

> New Jersey · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C46C_S46C-5

## Section

- **Citation:** N.J. Stat. § 17:46C-5
- **Heading:** Conditions for issuance; order stating person provides legal insurance
- **Jurisdiction:** New Jersey
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NJ Code / Title 17 / Chapter 46C / Section 46C-5

## Text

a. A certificate of authority shall be issued if the commissioner is satisfied that the following conditions are met: (1) The persons responsible for the conduct of the affairs of the applicant are competent, trustworthy, and of good reputation; (2) The applicant demonstrates the willingness and ability to assure that the promised benefits can be provided. In making this determination the commissioner shall consider so far as applicable: (a) The adequacy of capital and surplus considered in relation to the other items in subsection a. (2) of this section; (b) The financial soundness of the applicant's arrangements for legal services and the rating system proposed to be used in connection therewith; (c) Any agreement with another person authorized to do business under this act, an insurer licensed under the general insurance law to do business in this State, a reinsurer eligible under the laws or regulations of this State to provide reinsurance, or an agency of the Federal or State Government for insuring the payment of the cost of legal services or the provision for automatic applicability of an alternative coverage in the event the insurer is unable to perform its obligations; (d) Any surety bond or deposit of cash or securities as a guarantee that the obligation will be duly performed; and (e) If the applicant is licensed as an insurer under insurance laws of other states, whether the applicant has complied with the requirements of those laws. b. At the request of an applicant, the commissioner shall issue an order stating whether a person is providing legal insurance as defined in section 3c. of this act. L.1981, c. 160, s. 5.

## Nearby sections

- [N.J. Stat. § 17:46C-1 Short title](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C46C_S46C-1.md)
- [N.J. Stat. § 17:46C-2 Legislative declarations](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C46C_S46C-2.md)
- [N.J. Stat. § 17:46C-3 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C46C_S46C-3.md)
- [N.J. Stat. § 17:46C-4 Certificate of authority; persons entitled to transact business without; necessity for other persons; application; fee; exemptions](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C46C_S46C-4.md)
- [N.J. Stat. § 17:46C-5 Conditions for issuance; order stating person provides legal insurance](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C46C_S46C-5.md)
- [N.J. Stat. § 17:46C-6 Policy or master policy; certificate of coverage; forms; rating system; approval; hearings](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C46C_S46C-6.md)
- [N.J. Stat. § 17:46C-7 Transaction of business of legal insurance along with any other business; segregated accounts](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C46C_S46C-7.md)
- [N.J. Stat. § 17:46C-8 Management contract; approval](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C46C_S46C-8.md)
- [N.J. Stat. § 17:46C-8.1 Legal insurance, prepaid, defined, certain related services differentiated.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C46C_S46C-8.1.md)
- [N.J. Stat. § 17:46C-9 Annual report by insurers; exceptions](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C46C_S46C-9.md)
- [N.J. Stat. § 17:46C-10 Reserves](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C46C_S46C-10.md)
- [N.J. Stat. § 17:46C-11 Investments](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C46C_S46C-11.md)
- [N.J. Stat. § 17:46C-12 Regulation of trade practices](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C46C_S46C-12.md)
- [N.J. Stat. § 17:46C-13 Rules and regulations](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C46C_S46C-13.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C46C_S46C-5. Check the current official text before relying on it. Not legal advice.