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Code · New Jersey · Title 17 — Notice and Publication · Chapter 24

17:24-34 Investment pool, organized as business entity.

60 words·~1 min read·/nj/title-17/chapter-24/17-24-34

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7. An investment pool established pursuant to the provisions of this act shall be a business entity and shall be a subsidiary organized to engage exclusively in the acquisition, ownership or management of investments, provided that the subsidiary is wholly-owned by two or more insurers domiciled in the United States, who are members of the same holding company system.
L.1999,c.20,s.7.
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