New Jersey Statutes
§ 17:48F-10 — Prepaid prescription service organization deemed domestic insurer.
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
10.
a.A prepaid prescription service organization which is organized under the laws of this State shall be deemed to be a domestic insurer for the purposes of P.L.1970, c.22 (C.17:27A-1 et seq.).
b.An organization shall be subject to the provisions of N.J.S.17B:30-1 et seq.
c.The capital, surplus and other funds of an organization shall be invested in accordance with the provisions of N.J.S.17B:20-1 et seq. and guidelines established by the commissioner by regulation. L.1997,c.380,s.10.
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Nearby Sections
15
§ 17:48F-11
Complaint system established.§ 17:48F-12
Examination by commissioner.§ 17:48F-13
Terms, conditions required in contracts.§ 17:48F-14
Maintenance of tangible net equity.§ 17:48F-16
Maintenance of fidelity bond.§ 17:48F-17
Annual report.§ 17:48F-22
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