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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Chapter 47b:
Section: 17:47b-9: Compliance with investment requirements.
9. a. A captive insurance company shall comply with investment requirements to be prescribed by the commissioner by regulation.
b. A pure captive insurance company shall not make a loan to, or an investment in, its parent company or affiliates without prior written approval of the commissioner, and a loan or investment shall be evidenced by documentation approved by the commissioner. A pure captive insurance company shall not make a loan using the minimum capital and surplus funds required by section 3 of this act.
L.2011, c.25, s.9.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 17:47b-9 (if available):
Court decisions that cite this statute:
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