New Jersey Statutes 17:30C-14. Conservation or ancillary receivership-alien insurers
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Terms Used In New Jersey Statutes 17:30C-14
- 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
An order to conserve the assets of an alien insurer shall direct the commissioner forthwith to take possession of the property of the insurer within this State and to conserve it, subject to the further direction of the court.
L.1975, c. 113, s. 14, eff. June 3, 1975.