2013 New Jersey Revised Statutes
Title 17 - CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Section 17:47B-9 - Compliance with investment requirements.
17:47B-9 Compliance with investment requirements.
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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