New Jersey Statutes
§ 17:47B-15 — Rules.
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
15.The commissioner may adopt rules establishing standards to ensure that a parent or affiliated company is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by a pure captive insurance company, except that until such time as rules under this section are adopted, the commissioner may approve the coverage of the risk by a pure captive insurance company. L.2011, c.25, s.15.
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Nearby Sections
15
§ 17:47B-12
Taxes paid by captive insurance company.§ 17:47B-14
Applicability of C.17:30C-1 et seq.§ 17:47B-15
Rules.§ 17:47B-16
Conversion, merger into reciprocal insurer.§ 17:47B-17
Sponsored captive insurance company.§ 17:47B-3
Conditions for issuance of license.