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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Chapter 24: Investments by insurance companies generally.
Section: 17:24-9: Investment of surplus in stock of certain companies
Any company, other than a life insurance company, organized and authorized to transact business under chapters 17 to 33 of this title (s. 17:17-1 et seq.), may also invest not exceeding twenty-five per cent of its surplus in the common stock of any nondividend-paying insurance company or companies organized in and authorized to transact business in this state.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 17:24-9 (if available):
Court decisions that cite this statute: