New Jersey § 17:50-6 General deposit with Commissioner; filing certificate by foreign exchange

New Jersey Statutes

§ 17:50-6 — General deposit with Commissioner; filing certificate by foreign exchange

New Jersey § 17:50-6

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:50-6 (General deposit with Commissioner; filing certificate by foreign exchange) 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. § 17:50-6 (2026).

Text

Each domestic exchange transacting business in this State shall keep and maintain with the Commissioner of Insurance a general deposit of cash or securities in the sum of not less than $100,000.00. In the case of foreign exchanges, a certificate of such deposit with the chief insurance officer of the State of domicile shall be filed with the Commissioner of Insurance of this State. L.1945, c.161, s.6; amended 1989,c.264,s.11.

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Each domestic exchange transacting business in this State shall keep and maintain with the Commissioner of Insurance a general deposit of cash or securities in the sum of not less than $100,000.00. In the case of foreign exchanges, a certificate of such deposit with the chief insurance officer of the State of domicile shall be filed with the Commissioner of Insurance of this State. L.1945, c.161, s.6; amended 1989,c.264,s.11.