New Jersey § 17B:27A-25.6 Further authority of alliance

New Jersey Statutes

§ 17B:27A-25.6 — Further authority of alliance

New Jersey § 17B:27A-25.6

Title 17BINSURANCE

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Bluebook

N.J. Stat. Ann. § 17B:27A-25.6 (2026).

Text

6.In addition to the powers authorized under this act, a purchasing alliance shall have the authority to: a. Set reasonable fees for membership in the alliance that will finance reasonable and necessary costs incurred in administering the purchasing alliance; b. Negotiate premium rates with carriers on behalf of the members of the alliance; and c. Contract with third parties for any services necessary to carry out the powers and duties authorized or required pursuant to this act. L.2001,c.225,s.6.

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6. In addition to the powers authorized under this act, a purchasing alliance shall have the authority to: a. Set reasonable fees for membership in the alliance that will finance reasonable and necessary costs incurred in administering the purchasing alliance; b. Negotiate premium rates with carriers on behalf of the members of the alliance; and c. Contract with third parties for any services necessary to carry out the powers and duties authorized or required pursuant to this act. L.2001,c.225,s.6.