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17:37-8. Assessments required when liabilities of mutual fire insurer exceed assets

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: 37-8. Assessments required when liabilities of mutual fire insurer exceed assets 17: 37-8. Assessments required when liabilities of mutual fire insurer exceed assets When the liabilities of any mutual fire insurance company organized under the laws of this State and now doing business shall exceed its assets, or hereafter organized shall exceed the net assets as provided in section 17:17-7 of this Title for the commencement of business, its board of directors shall raise money by assessment to restore such excess, and on neglect...

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	17:37-8. Assessments required when liabilities of mutual fire insurer exceed assets
	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: 37-8. Assessments required when liabilities of mutual fire insurer exceed assets 17: 37-8. Assessments required when liabilities of mutual fire insurer exceed assets When the liabilities of any mutual fire insurance company organized under the laws of this State and now doing business shall exceed its assets, or hereafter organized shall exceed the net assets as provided in section 17:17-7 of this Title for the commencement of business, its board of directors shall raise money by assessment to restore such excess, and on neglect...