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Code · New Jersey · Title 17 — Notice and Publication · Chapter 50

17:50-6 General deposit with Commissioner; filing certificate by foreign exchange

69 words·~1 min read·/nj/title-17/chapter-50/17-50-6

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Each domestic exchange transacting business in this State shall keep and maintain with the Commissioner of Insurance a general deposit of cash or securities in the sum of not less than $100,000.00. In the case of foreign exchanges, a certificate of such deposit with the chief insurance officer of the State of domicile shall be filed with the Commissioner of Insurance of this State.
L.1945, c.161, s.6; amended 1989,c.264,s.11.
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