17:30C-11. Grounds for conservation--foreign insurers
69 words·~1 min read·
/nj/title-17/chapter-30c/17-30c-11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The commissioner may apply for an order directing him to conserve the assets within this State of a foreign insurer upon any one or more of the following grounds:
a. Upon any of the grounds specified in section 6, and in section 8 b.
b. That its property has been sequestrated in its domiciliary sovereignty or in any other sovereignty.
L.1975, c. 113, s. 11, eff. June 3, 1975.