New Jersey Statutes 17:24-31. Limits on permitted investments
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Terms Used In New Jersey Statutes 17:24-31
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
4. 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.
L.1999,c.20,s.4.