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New Jersey Statutes Title 17. Corporations and Institutions for Finance and Insurance 17 § 24-31

Current as of January 01, 2024 | Updated by Findlaw Staff

Notwithstanding the provisions of R.S.17:24-1 to the contrary, an insurer may invest in an investment pool, however, an insurer shall not acquire an investment in an investment pool under this act if, as a result of and after giving effect to the investment, the aggregate amount of investments then held by the insurer:

a. In any one investment pool would exceed ten percent of its admitted assets; or

b. In all investment pools, investing in investments permitted under section 2 of this act,  1 would exceed thirty-five percent of its admitted assets.

1 N.J.S.A. § 17:24-29.
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Cite this article: FindLaw.com - New Jersey Statutes Title 17. Corporations and Institutions for Finance and Insurance 17 § 24-31 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-17-corporations-and-institutions-for-finance-and-insurance/nj-st-sect-17-24-31/

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