N.J. Stat. § 17:17-9
Deposit prerequisite to authorization
New Jersey · New Jersey Statutes Title 17 — Corporations and Institutions for Finance and Insurance · Status: effective
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- Citation
- N.J. Stat. § 17:17-9, Deposit prerequisite to authorization, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1443578
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Full text
No company organized under chapters 17 to 33 of this title (s. 17:17-1 et seq.), other than a mutual company organized to make insurance solely against loss or damage to property belonging to the insured member, shall be authorized to transact any business of insurance until it has been made the deposit required by, and has otherwise complied with, section 17:20-1 of this title.