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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Chapter 24: Investments by insurance companies generally.
Section: 17:24-31: Limits on permitted investments.
4. Notwithstanding the provisions of R.S.17:24-1 to the contrary, an insurer may invest in an investment pool, however, an insurer shall not acquire an investment in an investment pool under this act if, as a result of and after giving effect to the investment, the aggregate amount of investments then held by the insurer:
a. n any one investment pool would exceed ten percent of its admitted assets; or
b. In all investment pools, investing in investments permitted under section 2 of this act, would exceed thirty-five percent of its admitted assets.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 17:24-31 (if available):
Court decisions that cite this statute: