N.J. Stat. § 17:30C-11: Grounds for conservation--foreign insurers

The commissioner may apply for an order directing him to conserve the assets within this State of a foreign insurer upon any one or more of the following grounds:

a. Upon any of the grounds specified in section 6, and in section 8 b.

b. That its property has been sequestrated in its domiciliary sovereignty or in any other sovereignty.

L.1975, c. 113, s. 11, eff. June 3, 1975.