New Jersey § 17:24-31 Limits on permitted investments.

New Jersey Statutes

§ 17:24-31 — Limits on permitted investments.

New Jersey § 17:24-31

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

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Bluebook

N.J. Stat. Ann. § 17:24-31 (2026).

Text

4.Notwithstanding the provisions of R.S.17:24-1 to the contrary, an insurer may invest in an investment pool, however, an insurer shall not acquire an investment in an investment pool under this act if, as a result of and after giving effect to the investment, the aggregate amount of investments then held by the insurer: a. n any one investment pool would exceed ten percent of its admitted assets; or b. In all investment pools, investing in investments permitted under section 2 of this act, would exceed thirty-five percent of its admitted assets. L.1999,c.20,s.4.

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4. Notwithstanding the provisions of R.S.17:24-1 to the contrary, an insurer may invest in an investment pool, however, an insurer shall not acquire an investment in an investment pool under this act if, as a result of and after giving effect to the investment, the aggregate amount of investments then held by the insurer: a. n any one investment pool would exceed ten percent of its admitted assets; or b. In all investment pools, investing in investments permitted under section 2 of this act, would exceed thirty-five percent of its admitted assets. L.1999,c.20,s.4.