New Jersey § 17:47B-18 Regulations relative to risk retention group.

New Jersey Statutes

§ 17:47B-18 — Regulations relative to risk retention group.

New Jersey § 17:47B-18

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:47B-18 (Regulations relative to risk retention group.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 17:47B-18 (2026).

Text

18.

a.A risk retention group shall not be either a sponsor or participant in a sponsored captive insurance company.

b.An association, corporation, limited liability company, partnership, trust or any another business entity may be a participant in any sponsored captive insurance company formed or licensed under this act.

c.A sponsor may be a participant in a sponsored captive insurance company.

d.A participant need not be a shareholder of a sponsored captive insurance company or any affiliate of a sponsored captive insurance company.

e.A participant shall insure only its own risks through a sponsored captive insurance company. L.2011, c.25, s.18.

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18. a. A risk retention group shall not be either a sponsor or participant in a sponsored captive insurance company. b. An association, corporation, limited liability company, partnership, trust or any another business entity may be a participant in any sponsored captive insurance company formed or licensed under this act. c. A sponsor may be a participant in a sponsored captive insurance company. d. A participant need not be a shareholder of a sponsored captive insurance company or any affiliate of a sponsored captive insurance company. e. A participant shall insure only its own risks through a sponsored captive insurance company. L.2011, c.25, s.18.