New Jersey § 26:2J-14 Protection against insolvency

New Jersey Statutes

§ 26:2J-14 — Protection against insolvency

New Jersey § 26:2J-14

Title 26HEALTH AND VITAL STATISTICS

This text of New Jersey § 26:2J-14 (Protection against insolvency) 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. § 26:2J-14 (2026).

Text

Each health maintenance organization shall deposit cash or a form of guaranty or security in such amount as will assure that the obligations to the enrollees will be performed in such amount and for such time as prescribed by the commissioner, or where applicable by the Commissioner of Insurance. The commissioner may waive this requirement whenever satisfied that the assets of the organization or its contracts with insurers, hospital or medical service corporation governments, or other organizations are sufficient to reasonably assure the performance of its obligations. L.1973, c. 337, s. 14, eff. Dec. 27, 1973.

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Each health maintenance organization shall deposit cash or a form of guaranty or security in such amount as will assure that the obligations to the enrollees will be performed in such amount and for such time as prescribed by the commissioner, or where applicable by the Commissioner of Insurance. The commissioner may waive this requirement whenever satisfied that the assets of the organization or its contracts with insurers, hospital or medical service corporation governments, or other organizations are sufficient to reasonably assure the performance of its obligations. L.1973, c. 337, s. 14, eff. Dec. 27, 1973.