State Codes and Statutes

Statutes > New-jersey > Title-17b > Section-17b-18 > 17b-18-65

17B:18-65.  Extended reinsurance
    In addition to the reinsurance specified in 17B:18-63, an insurer authorized  to do the business specified in section 17B:17-3, 17B:17-4 and 17B:17-5 may  through reinsurance assume any insurance risk and may retrocede any portion  thereof;  provided, however, no insurer may undertake any such extended  reinsurance business without the prior approval of the commissioner.

     L.1971, c. 144, s. 17B:18-65.  Amended by L.1975, c. 80, s. 1, eff. May 2, 1975.