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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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