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XML document 17:46B-17. Use of the statutory premium reserve on liquidation, dissolution or insolvency
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: 46B-17. Use of the statutory premium reserve on liquidation, dissolution or insolvency 17: 46B-17. Use of the statutory premium reserve on liquidation, dissolution or insolvency a. If a title insurance company becomes insolvent, or is in the process of liquidation or dissolution, or in the possession of the commissioner: (1) Such amount of the assets of such title insurance company equal to the statutory premium reserve then remaining as is necessary may be used by or with the written approval of the commissioner, to pay for reinsurance of the liability of...

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