17:24-13 - Purpose of act; expenses of committee in investigation, analyses, and valuation of securities - New Jersey Statutes

17:24-13.  Purpose of act;  expenses of committee in investigation, analyses, and valuation of securities    The purpose of this act is to provide a means of making funds not in excess  of two hundred and fifty thousand dollars ($250,000.00) in any one year  available to the Committee on Valuation of Securities of the National Association of Insurance Commissioners to defray the expenses of such committee  in the investigation, analyses and valuation of securities and the determination of the amortizability of bonds, owned by insurance companies, for  the purpose of furnishing to the several States on a uniform basis information  needed in the supervision of insurance companies licensed to transact business  in the several States.  The Commissioner of Banking and Insurance is hereby  authorized to disburse in the manner hereinafter provided, in co-operation with  supervisory officials of other States, funds obtained through assessments for  such purpose under this act.

     L.1949, c. 248, p. 797, s. 1.