New Jersey Statutes
§ 34:15-86 — Insurance carrier directly liable
New Jersey·Title 34 LABOR AND WORKMEN'S COMPENSATION
Every such contract shall provide, or be construed to provide, that, upon the death, insolvency or bankruptcy of the insured employer, or upon his assignment for the benefit of creditors, the insurance carrier shall immediately become directly liable for all compensation payments due to any injured employee or his dependents by virtue of prior agreement or award until completion thereof, or that may thereafter become due during the period for which the requisite premiums have been paid by the employer.
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Nearby Sections
15
§ 34:15-1
Employees' right to recover for negligent injury; willful negligence as defense; jury question§ 34:15-10
Employment of minors§ 34:15-100
Medical reports§ 34:15-101
Penalty for noncompliance§ 34:15-102
Rules and regulations; agreements filed§ 34:15-103
Short title§ 34:15-104
Definitions.§ 34:15-105
Workers' compensation security fund.§ 34:15-107
Contributions to the fund.§ 34:15-11
Termination of contract§ 34:15-111
Payment of claims; application; recovery.§ 34:15-117
Insolvency of carrier; notice to Division of Workers' Compensation; report of conditions.§ 34:15-12
Schedule of payments.