17:17-9 - Deposit prerequisite to authorization
17:17-9.Ā Deposit prerequisite to authorization
No company organized under chapters 17 to 33 of this title (s. 17:17-1 et seq.), other than a mutual company organized to make insurance solely against loss or damage to property belonging to the insured member, shall be authorizedĀ to transact any business of insurance until it has been made the depositĀ required by, and has otherwise complied with, section 17:20-1 of this title.
No company organized under chapters 17 to 33 of this title (s. 17:17-1 et seq.), other than a mutual company organized to make insurance solely against loss or damage to property belonging to the insured member, shall be authorizedĀ to transact any business of insurance until it has been made the depositĀ required by, and has otherwise complied with, section 17:20-1 of this title.