New Jersey § 17B:20-5 Securities of foreign country or property therein

New Jersey Statutes

§ 17B:20-5 — Securities of foreign country or property therein

New Jersey § 17B:20-5

Title 17BINSURANCE

This text of New Jersey § 17B:20-5 (Securities of foreign country or property therein) 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. § 17B:20-5 (2026).

Text

Any domestic insurer lawfully doing business, directly or through any subsidiary, in any foreign country other than Canada, may also invest its funds, or permit such subsidiary to invest its funds, to an amount not exceeding 150% of the reserves and other obligations under outstanding policies of insurance issued or delivered in such foreign country by the insurer or such subsidiary, in securities properties and other investments in such foreign country substantially of the same character as that prescribed for authorized investments for the funds of the insurer under the laws of this State. L.1971, c. 144, s. 17B:20-5. Amended by L.1973, c. 372, s. 4.

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Any domestic insurer lawfully doing business, directly or through any subsidiary, in any foreign country other than Canada, may also invest its funds, or permit such subsidiary to invest its funds, to an amount not exceeding 150% of the reserves and other obligations under outstanding policies of insurance issued or delivered in such foreign country by the insurer or such subsidiary, in securities properties and other investments in such foreign country substantially of the same character as that prescribed for authorized investments for the funds of the insurer under the laws of this State. L.1971, c. 144, s. 17B:20-5. Amended by L.1973, c. 372, s. 4.