New Jersey Statutes
§ 17:24-9 — Investment of surplus in stock of certain companies
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Any company, other than a life insurance company, organized and authorized to transact business under chapters 17 to 33 of this title (s. 17:17-1 et seq.), may also invest not exceeding twenty-five per cent of its surplus in the common stock of any nondividend-paying insurance company or companies organized in and authorized to transact business in this state.
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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.