New Jersey Statutes
§ 17:17-9 — Deposit prerequisite to authorization
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
No company organized under chapters 17 to 33 of this title (s. 17:17-1 et seq.), other than a mutual company organized to make insurance solely against loss or damage to property belonging to the insured member, shall be authorized to transact any business of insurance until it has been made the deposit required by, and has otherwise complied with, section 17:20-1 of this title.
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Nearby Sections
15
§ 17:17-1
Kinds of insurance§ 17:17-10
Certificates authorizing company to commence business; issuance, surrender; replacement carrier.§ 17:17-13
Application of subtitle limited§ 17:17-14
Assessments required when liabilities of mutual company, other than fire or life, exceed assets§ 17:17-15
Rules, regulations on solvency standards§ 17:17-18
Maintenance of reserves§ 17:17-2
Stock or mutual plan§ 17:17-20
Change of domicile for insurers§ 17:17-3
Purposes permitted§ 17:17-4
Certificate of incorporation