State Codes and Statutes
Statutes > New-jersey > Title-17 > Section-17-50 > 17-50-617:50-6. General deposit with Commissioner; filing certificate by foreign exchange
Each domestic exchange transacting business in this State shall keep and maintain with the Commissioner of Insurance a general deposit of cash or securities in the sum of not less than $100,000.00. In the case of foreign exchanges, a certificate of such deposit with the chief insurance officer of the State of domicile shall be filed with the Commissioner of Insurance of this State.
L.1945, c.161, s.6; amended 1989,c.264,s.11.
