N.J. Stat. § 17:47B-9

Current through L. 2024, c. 62.
Section 17:47B-9 - Compliance with investment requirements
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.

N.J.S. § 17:47B-9

Added by L. 2011, c. 25,s. 9, eff. 5/22/2011.