N.J.S.A. 17B:20-5 — Securities of foreign country or property therein

17B:20-5. Securities of foreign country or property therein Any domestic insurer lawfully doing business, directly or through any subsidiary, in any foreign country other than Canada, may also invest its funds, or permit such subsidiary to invest its funds, to an amount not exceeding 150% of the reserves and other obligations under outstanding policies of insurance issued or delivered in such foreign country by the insurer or such subsidiary, in securities properties and other investments in such foreign country substantially of the same character as that prescribed for authorized investments for the funds of the insurer under the laws of this State. L.1971, c. 144, s. 17B:20-5. Amended by L.1973, c. 372, s. 4.

This is the verbatim text of N.J.S.A. 17B:20-5, 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. Kyzer is not a law firm and this page is not legal advice.