N.J. Admin. Code § 11:28-1.23

Current through Register Vol. 57, No. 1, January 6, 2025

Section 11:28-1.23 - Investments

(a) Except as may be otherwise authorized by the Commissioner, association captive insurance companies shall comply with the investment requirements set forth in N.J.S.A. 17:24-1 et seq., except to the extent that doing so is inconsistent with the approved accounting standards in use by the captive. Notwithstanding any other provision of this subchapter, the Commissioner may approve the use of alternative reliable methods of valuation and rating.

(b) No pure captive insurance company or industrial insured captive insurance company shall be subject to any restrictions on allowable investments whatever, including those limitations contained in N.J.S.A. 17:24-1 et seq. (for property casualty captives) or N.J.S.A. 17:20-1 et seq. (for life health captives), provided, however, that the Commissioner may prohibit or limit any investment that threatens the solvency or liquidity of any such captive.