N.J. Stat. § 17:24-31

Current through L. 2023, c. 320.

Section 17:24-31 - Limits on permitted investments

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. n 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, would exceed thirty-five percent of its admitted assets.

N.J.S. § 17:24-31

L. 1999, c. 20, s. 4.