New Jersey § 17:30C-12 Grounds for conservation--alien insurers

New Jersey Statutes

§ 17:30C-12 — Grounds for conservation--alien insurers

New Jersey § 17:30C-12

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:30C-12 (Grounds for conservation--alien insurers) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 17:30C-12 (2026).

Text

The commissioner may apply for an order directing him to conserve the assets within this State of an alien insurer upon any one or more of the following grounds: a. Upon any of the grounds specified in section 6 and in section 8 b.

b.Upon the ground that the insurer has failed to comply within the time designated by the commissioner, with an order made by him to make good an impairment of its trusteed funds, or c. Upon the ground that the property of the insurer has been sequestrated in its domiciliary sovereignty or elsewhere. L.1975, c. 113, s. 12, eff. June 3, 1975.

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The commissioner may apply for an order directing him to conserve the assets within this State of an alien insurer upon any one or more of the following grounds: a. Upon any of the grounds specified in section 6 and in section 8 b. b. Upon the ground that the insurer has failed to comply within the time designated by the commissioner, with an order made by him to make good an impairment of its trusteed funds, or c. Upon the ground that the property of the insurer has been sequestrated in its domiciliary sovereignty or elsewhere. L.1975, c. 113, s. 12, eff. June 3, 1975.