17:24-31 Limits on permitted investments.
4. Notwithstanding the provisions of R.S.17:24-1 to the contrary, an insurer may invest in an investment pool, however, an insurer shall not acquire an investment in an investment pool under this act if, as a result of and after giving effect to the investment, the aggregate amount of investments then held by the insurer:
a. n any one investment pool would exceed ten percent of its admitted assets; or
b. In all investment pools, investing in investments permitted under section 2 of this act, would exceed thirty-five percent of its admitted assets.
L.1999,c.20,s.4.
This is the verbatim text of N.J.S.A. 17:24-31, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. KyzerLex is not a law firm and this page is not legal advice.