{"data":{"id":"us-nj/n.j.-stat.-17b-18-68","jurisdiction":"us-nj","citation":"N.J. Stat. § 17B:18-68","heading":"Surplus, capital required","body":"2.\tExcept as provided by section 3 of P.L.1993, c.235 (C.17B:18-69), no domestic insurer shall commence business in this State unless the insurer has surplus and capital actually paid in cash of at least the following amounts, and no domestic insurer shall otherwise continue to transact business in this State unless it has surplus and capital of at least the following amounts:\na. \tFor either kind or both kinds of business specified in N.J.S.17B:17-3 and N.J.S.17B:17-5, $1,000,000 in capital and $4,000,000 in surplus for a stock insurer, and $4,000,000 in surplus for a mutual insurer;\nb. \tFor the kind of business specified in N.J.S.17B:17-4, $700,000 in capital and $2,800,000 in surplus for a stock insurer, and $3,000,000 in surplus for a mutual insurer; and\nc. \tFor all three kinds of business specified in N.J.S.17B:17-3, N.J.S.17B:17-4 and N.J.S.17B:17-5, $1,530,000 in capital and $6,120,000 in surplus for a stock insurer, and $6,300,000 in surplus for a mutual insurer.\nFor purposes of this section, \"surplus\" means unencumbered assets in excess of capital and all required reserves and other liabilities.\nL.1993,c.235,s.2; amended 1995,c.380,s.1.","path":["TITLE 17B INSURANCE"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"c4303835b3688017bbb149cf8e6ec62832f04c3eabba25f645c9f79d45f67447","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17b-18-67","next":"us-nj/n.j.-stat.-17b-18-69"},"notice":"GroundRules: Original legal text. Not legal advice."}