N.J.S.A 17:50-6 General deposit with Commissioner; filing certificate by foreign exchange

17:50-6 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.

Case(s):

Look up case for New Jersey Statute 17:50-6 General deposit with Commissioner; filing certificate by foreign exchange

Original Text maintained by the State of New Jersey:

NJ Maintained Unanotated Statutes References to 17:50-6 General deposit with Commissioner; filing certificate by foreign exchange

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