New Jersey Statutes
§ 17:49A-4 — Joint insurance funds
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
a.The board of a nonprofit corporation may, by resolution, agree to participate with any other nonprofit corporation or corporations in a joint insurance fund for the purpose of insuring against liability, property damage, and workers' compensation.
b.The owner of a Keys amendment facility may agree, in writing, to participate with any other Keys amendment facility or facilities in a joint insurance fund for the purpose of insuring against liability, property damage, and workers' compensation. L. 1987, c. 431, s. 4.
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Nearby Sections
15
§ 17:49A-1
Short title§ 17:49A-10
Amendments§ 17:49A-11
Suspension, termination of authority§ 17:49A-12
Filing of agreements§ 17:49A-13
Annual audit§ 17:49A-14
Examination§ 17:49A-15
Not insurance company§ 17:49A-16
Rules, regulations§ 17:49A-2
Findings, declarations§ 17:49A-3
Definitions§ 17:49A-4
Joint insurance funds§ 17:49A-5
Insurance fund commission§ 17:49A-6
Bylaws§ 17:49A-7
Plan of risk management§ 17:49A-8
Approval by commissioner