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17:32-13. Surrender of certificate of authority; return of securities
New Jersey Statutes (Unannotated) / NEW JERSEY GENERAL AND PERMANENT STATUTES (UPDATED THROUGH P.L.2023, c.256, and J.R.18) / TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
...
17
:
32-13
.
Surrender
of
certificate
of
authority
;
return
of
securities
17
:
32-13
.
Surrender
of
certificate
of
authority
;
return
of
securities
An insurance company of another state or foreign country authorize to transact the business of insuring against loss or damage on account neglect or breaches...
... of duty or obligations guaranteed by the insurer, at any time
surrender
to the commissioner its
certificate
of
authority
and thereafter cease to engage in the business. The company shall thereupon be entitled to the release and
return
of its
securities
so deposited, in manner following: The company shall file with the commissioner a statement in writing under oath, giving the date, name and amount of...
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