New Jersey Statutes

§ 34:15-117 — Insolvency of carrier; notice to Division of Workers' Compensation; report of conditions.

New Jersey·Title 34 LABOR AND WORKMEN'S COMPENSATION

34:15-117. Forthwith upon any carrier becoming insolvent, the Commissioner of Banking and Insurance shall so notify the Division of Workers' Compensation, and the division shall immediately advise the commissioner:

(a)of all claims for compensation pending or thereafter made against an employer insured by such insolvent carrier, or against such insolvent carrier;
(b)of all unpaid or continuing agreements, awards or decisions made upon claims prior to or after the date of such notice from such commissioner; and (c) of all appeals from or applications for modifications or recision or review of such agreements, awards or decisions. Amended 2004, c.179, s.9.

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