New Jersey Statutes
§ 17:47B-9 — Compliance with investment requirements.
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
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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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.