New Jersey Statutes
§ 17:24-30 — Qualified investment pools.
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
3.For an investment in an investment pool to be qualified under this act, the investment pool shall not: a. Acquire securities issued, assumed, guaranteed or insured by the insurer or an affiliate of the insurer; b. Borrow or incur any indebtedness for borrowed money, except for securities lending and reverse repurchase transactions that meet the requirements of this act; or c. Permit the aggregate value of securities then loaned or sold to, purchased from or invested in any one business entity under this act to exceed ten percent of the total assets of the investment pool. L.1999,c.20,s.3.
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Nearby Sections
15
§ 17:24-10
Investments in foreign securities§ 17:24-11
Bond and mortgage; sale or assignment of part with guaranty of payment; subordinate interests§ 17:24-13
Purpose of act; expenses of committee in investigation, analyses, and valuation of securities§ 17:24-14
Budget estimate§ 17:24-25
Partial repeal§ 17:24-26
Repeal§ 17:24-29
Permitted investments, qualifications.§ 17:24-30
Qualified investment pools.§ 17:24-31
Limits on permitted investments.