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Senate Commerce Committee Statement to Senate, No. 3636 — State of New Jersey (December 18, 2023)

Summary

A Senate Commerce Committee Statement to Senate, No. 3636, State of New Jersey, dated December 18, 2023, reporting favorably Senate Bill No. 3636. The statement explains that the bill amends the law concerning reciprocal insurance and interinsurance contracts so that contracts between subscribers and the attorney in fact, and any fees charged pursuant to or arising out of those contracts, are not considered a related party transaction.

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“Senate Commerce Committee Statement to Senate, No. 3636 — State of New Jersey (December 18, 2023).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/s3636-scm-statement-12-18-23-5896783bcb/, SHA-256 454963c5600b9f81010d5be93910f0a205727da52dbc89c73c574d6dd5bb80a7.

Full text

SENATE COMMERCE COMMITTEE

STATEMENT TO

SENATE, No.
3636

STATE
OF NEW JERSEY

DATED: DECEMBER
18, 2023

The Senate Commerce Committee reports favorably Senate
Bill No. 3636.

This bill amends the law concerning reciprocal
insurance and interinsurance contracts. The bill provides that contracts
between subscribers and the attorney in fact, and any fees charged pursuant to
those contracts or arising out of those contracts, are not to be considered a
related party transaction.

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2023-12-18_SCM_S3636_S1.htm
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