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- 2023 Edition
- Title 17b. Insurance
- Chapter 17b:18. Scope of Chapter
N.J.S. § 17B:18-38 Deposits; Interest On; Substitution of
| Library | New Jersey Permanent Statutes |
| Edition | 2023 |
| Currency | Current through L. 2023, c. 118. |
The commissioner shall hold the securities deposited pursuant to N.J.S. 17B:18-37 for the benefit and security of all the policyholders of the insurer depositing them, but shall, so long as it continues solvent and complies with all the requisites of the laws applicable to it, permit the insurer to collect the interest or dividends on the securities so deposited, and, ...
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