# N.J. Stat. § 17B:20-5: Securities of foreign country or property therein

> New Jersey · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C20_S20-5

## Section

- **Citation:** N.J. Stat. § 17B:20-5
- **Heading:** Securities of foreign country or property therein
- **Jurisdiction:** New Jersey
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NJ Code / Title 17B / Chapter 20 / Section 20-5

## Text

Any domestic insurer lawfully doing business, directly or through any subsidiary, in any foreign country other than Canada, may also invest its funds, or permit such subsidiary to invest its funds, to an amount not exceeding 150% of the reserves and other obligations under outstanding policies of insurance issued or delivered in such foreign country by the insurer or such subsidiary, in securities properties and other investments in such foreign country substantially of the same character as that prescribed for authorized investments for the funds of the insurer under the laws of this State. L.1971, c. 144, s. 17B:20-5. Amended by L.1973, c. 372, s. 4.

## Nearby sections

- [N.J. Stat. § 17B:20-1 Investments of domestic insurers.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C20_S20-1.md)
- [N.J. Stat. § 17B:20-2 Limitation of investments.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C20_S20-2.md)
- [N.J. Stat. § 17B:20-3 Incidental acquisition of corporate stock or securities, construction of chapter](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C20_S20-3.md)
- [N.J. Stat. § 17B:20-4 Stock of subsidiary or alien corporations](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C20_S20-4.md)
- [N.J. Stat. § 17B:20-5 Securities of foreign country or property therein](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C20_S20-5.md)
- [N.J. Stat. § 17B:20-6 Reasonable and temporary additional restrictions](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C20_S20-6.md)
- [N.J. Stat. § 17B:20-7 Securities of domestic insurers](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C20_S20-7.md)
- [N.J. Stat. § 17B:20-8 Valuation of securities; violations; penalties](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C20_S20-8.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C20_S20-5. Check the current official text before relying on it. Not legal advice.