# N.J. Stat. § 17:46C-8: Management contract; approval

> New Jersey · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17_C46C_S46C-8

## Section

- **Citation:** N.J. Stat. § 17:46C-8
- **Heading:** Management contract; approval
- **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-8

## Text

a. An insurer who obtains a certificate of authority in accordance with the provisions of section 4 of this act may not enter into any management contract, unless the contract is first filed with the commissioner and not disapproved under this section. b. The commissioner shall disapprove a contract under subsection a. of this section if he finds that: (1) It subjects the insurer to excessive charges; or (2) The contract extends for an unreasonable period of time; or (3) The contract does not contain fair and adequate standards of performance; or (4) The persons empowered under the contract to manage the insurer are not sufficiently trustworthy, competent, experienced and free from conflict of interest to manage the insurer with due regard for the interests of its insureds, creditors or the public; or (5) The contract contains provisions which impair the interests of the insurer's insureds or creditors or the public. L.1981, c. 160, s. 8.

## 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-8. Check the current official text before relying on it. Not legal advice.