New Jersey Statutes
§ 17:44B-20 — Investment of funds of society
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
20.A society shall invest its funds only in investments that are authorized by the laws of this State for the investment of assets of domestic life insurers and subject to the limitations thereon. Any foreign or alien society permitted or seeking to do business in this State which invests its funds in accordance with the laws of the state, district, territory, country or province in which it is incorporated, shall be held to meet the requirements of this section for the investment of funds. L.1997,c.322,s.20.
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Nearby Sections
15
§ 17:44B-10
Formation of domestic society§ 17:44B-11
Amendment of laws of domestic society§ 17:44B-12
Establishment of not-for-profit institutions§ 17:44B-13
Reinsurance agreement to cede risks§ 17:44B-14
Consolidation, merger§ 17:44B-15
Conversion to domestic mutual insurer§ 17:44B-16
Provision of contractual benefits§ 17:44B-17
Right to change beneficiary§ 17:44B-2
Fraternal benefit society§ 17:44B-20
Investment of funds of society§ 17:44B-21
Holding, investment, disbursement of assets§ 17:44B-22
Societies governed by act