™Your Policy Risk Impact Agent
131 chapters · 3,637 sections in this title.
N.J.S.A. 17:20-1 Definitions
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17:20-1. Definitions 17:20-1. a. As used in this chapter: (1) "Bank" means a State or federally chartered bank, savings bank, or savings and loan association which has trust powers and which has its principal office in New Jersey. (2) "Custodian" means a bank which performs fiduc…
N.J.S.A. 17:20-1.1 Procedure for holding of deposits
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17:20-1.1. Procedure for holding of deposits 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…
N.J.S.A. 17:20-2 Deposits; interest on; substitution of
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17:20-2. Deposits; interest on; substitution of 17:20-2. The commissioner shall hold the securities deposited as aforesaid, for the benefit and security of all the policyholders of the company depositing them, but shall, so long as the company continues solvent and complies with …
N.J.S.A. 17:20-3 Delivery of securities on dissolution, liquidation, reorganization or merger; action to obtain delivery; claims of policyholders
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17:20-3. Delivery of securities on dissolution, liquidation, reorganization or merger; action to obtain delivery; claims of policyholders 17:20-3. Whenever any insurance company of this State shall voluntarily dissolve, or a receiver or trustee thereof shall be appointed by the S…
