New Jersey Statutes 17:30C-11. Grounds for conservation-foreign insurers
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Terms Used In New Jersey Statutes 17:30C-11
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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
The commissioner may apply for an order directing him to conserve the assets within this State of a foreign insurer upon any one or more of the following grounds:
a. Upon any of the grounds specified in section 6, and in section 8 b.
b. That its property has been sequestrated in its domiciliary sovereignty or in any other sovereignty.
L.1975, c. 113, s. 11, eff. June 3, 1975.