New Jersey Democratic Attorney General Peter C. Harvey's Office, after two months of study, said last week that Douglas R. Forrester==the Republican candidate for governor==did nothing criminal by using proceeds from a captive insurance operation for his campaign.

Money from the Washington, D.C.-based Heartland Insurance Company surfaced as a campaign issue in August. Mr. Forrester is running against Democratic U.S. Sen. Jon Corzine in a contest for a post that was previously held by Democrat Jim McGreevy, who resigned after confessing he had an extramarital gay affair. Democratic Senate President Richard Codey has filled out the term in an acting capacity.

At issue for Mr. Forrester were a variety of state election statutes, part of the criminal law, which outlaw political contributions by insurance corporations and other businesses. The measure was enacted in 1911 when a slew of reform bills were passed to halt the influence of election spending by a variety of industries.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.