New Jersey Statutes 17:20-1.1. Procedure for holding of deposits
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Terms Used In New Jersey Statutes 17:20-1.1
- Deposit: means those deposits of securities required to be made by insurance companies prior to their authorization to transact business within any jurisdiction. See New Jersey Statutes 17:20-1
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
Whenever the commissioner is required or authorized by a law of this or any other state or country to receive and hold a deposit, he may utilize the procedures for the holding of those deposits which are found in R.S.17:20-1.
L.1989, c.264, s.12.