Current through L. 2024, c. 87.
Section 17:47B-9 - Compliance with investment requirementsa. 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.Added by L. 2011, c. 25,s. 9, eff. 5/22/2011.