State Codes and Statutes
Statutes > New-jersey > Title-17 > Section-17-24 > 17-24-3417:24-34 Investment pool, organized as business entity.
7.An investment pool established pursuant to the provisions of this act shall be a business entity and shall be a subsidiary organized to engage exclusively in the acquisition, ownership or management of investments, provided that the subsidiary is wholly-owned by two or more insurers domiciled in the United States, who are members of the same holding company system.
L.1999,c.20,s.7.
