State Codes and Statutes
Statutes > New-jersey > Title-17 > Section-17-24 > 17-24-3117:24-31 Limits on permitted investments.
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.
