New Jersey Statutes

§ 17:45-23 — Minimum assets

New Jersey § 17:45-23

JurisdictionNew Jersey

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:45-23 (Minimum assets) 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. § 17:45-23 (2026).

Text

Every such mutual benefit association shall have, and maintain, assets of a market value, in the opinion of the Commissioner of Banking and Insurance of this State, of not less than three hundred thousand dollars ($300,000.00). L.1948, c. 467, p. 1913, s. 2.

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Nearby Sections

15

§ 17:45-1

Mutual benefit association defined

§ 17:45-10

Reserve fund; increases; amount annually certified to commissioner

§ 17:45-11

Expense fund; contracts for payment of fees; certain contracts prohibited; investments

§ 17:45-12

Annual statement; time for filing; extension; inquiries by commissioner

§ 17:45-13

Failure to file annual statement or answer inquiries; penalty; authority to cease on notice

§ 17:45-14

Examination of companies; expenses; expenses when association insolvent; gifts to authorities prohibited

§ 17:45-16

Fees to be paid by association

§ 17:45-17

Penalty for violation; recovery; misrepresentation by employee or agent a misdemeanor

§ 17:45-18

Chapter inapplicable to certain associations and companies

§ 17:45-19

Certificates issued under prior law continued; conditions

§ 17:45-2

Certificate of authority prerequisite to transacting business

§ 17:45-20

Partial unconstitutionality; chapter void if section 17:45-18 invalid

§ 17:45-21

Chapter inapplicable to certain associations

§ 17:45-22

Death benefits payable notwithstanding section 17:45-21 or other laws

§ 17:45-23

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Bluebook (online)

New Jersey § 17:45-23, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/17/17%3A45-23.