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Code · New Jersey · Title 17 — Notice and Publication · Chapter 47B

17:47B-9 Compliance with investment requirements.

88 words·~1 min read·/nj/title-17/chapter-47b/17-47b-9

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9. 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.
L.2011, c.25, s.9.
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