New Jersey Statutes
§ 40A:10-40 — Plan of risk management
New Jersey·Title 40A MUNICIPALITIES AND COUNTIES
The commissioners shall prepare, or cause to be prepared, a plan of risk management for the joint insurance fund. The plan shall include, but not be limited to: a. The perils or liability to be insured against; b. Limits of coverage, whether self-insurance, direct insurance purchased from a commercial carrier, or reinsurance; c. The amount of risk to be retained by the fund; d. The amount of reserves to be established; e. The proposed method of assessing contributions to be paid by each member of the fund; f. Procedures governing loss adjustment and legal fees; g. Coverage to be purchased from a commercial insurer, if any; h. Reinsurance to be purchased, if any, and the amount of premium therefor; i. Such other procedures and information as the Commissioner of Insurance may require by rule
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Nearby Sections
15
§ 40A:10-1
Power to insure§ 40A:10-10
Powers and authority of the commissioners§ 40A:10-12
Payment of workers' compensation§ 40A:10-12.1. "Local unit" for purposes of Article 4, chapter 10 of Title 40A
§ 40A:10-12.1. "Local unit" for purposes of Article 4, chapter 10 of Title 40A§ 40A:10-13
Workers' compensation insurance fund§ 40A:10-14
Annual appropriation to fund§ 40A:10-15
Discontinuance of fund§ 40A:10-16
Definitions.§ 40A:10-18
Exclusions from coverage