New Jersey § 17:47B-9 Compliance with investment requirements.

New Jersey Statutes

§ 17:47B-9 — Compliance with investment requirements.

New Jersey § 17:47B-9

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

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Bluebook

N.J. Stat. Ann. § 17:47B-9 (2026).

Text

9.

a.A captive insurance company shall comply with investment requirements to be prescribed by the commissioner by regulation.

b.A pure captive insurance company shall not make a loan to, or an investment in, its parent company or affiliates without prior written approval of the commissioner, and a loan or investment shall be evidenced by documentation approved by the commissioner. A pure captive insurance company shall not make a loan using the minimum capital and surplus funds required by section 3 of this act. L.2011, c.25, s.9.

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9. a. A captive insurance company shall comply with investment requirements to be prescribed by the commissioner by regulation. b. A pure captive insurance company shall not make a loan to, or an investment in, its parent company or affiliates without prior written approval of the commissioner, and a loan or investment shall be evidenced by documentation approved by the commissioner. A pure captive insurance company shall not make a loan using the minimum capital and surplus funds required by section 3 of this act. L.2011, c.25, s.9.