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XML document 17:51-2. Actions against unauthorized insurers; deposit or bond required before insurer may file pleading
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: 51-2. Actions against unauthorized insurers; deposit or bond required before insurer may file pleading 17: 51-2. Actions against unauthorized insurers; deposit or bond required before insurer may file pleading (a) Before any insurer not authorized to transact business in this State shall file or cause to be filed any pleading or other paper in any action or proceeding instituted against it, such insurer shall either (1) deposit with the clerk of the court in which such action or proceeding is pending cash or securities or file with such clerk a bond with good and sufficient sureties, to be approved by the court, in an amount to be fixed by the court sufficient to secure the payment...

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