N.J. Stat. § 17:24-9

Current through L. 2023, c. 320.

Section 17:24-9 - Investment of surplus in stock of certain companies

Any company, other than a life insurance company, organized and authorized to transact business under chapters 17 to 33 of this title (s. 17:17-1 et seq.), may also invest not exceeding twenty-five per cent of its surplus in the common stock of any nondividend-paying insurance company or companies organized in and authorized to transact business in this state.

N.J.S. § 17:24-9