N.J. Stat. § 17:30C-3
Current through L. 2023, c. 256.
Delinquency proceedings pursuant to this act shall constitute the sole and exclusive method of liquidating, rehabilitating, reorganizing or conserving an insurer, and no court shall entertain a petition for the commencement of such proceedings, or any other similar procedure, unless the same has been instituted by the commissioner.
N.J.S. § 17:30C-3