New Jersey Statutes
§ 17:24-31 — Limits on permitted investments.
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
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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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.