Title 40A, Title 40A: MUNICIPALITIES AND COUNTIES

40A:10-38.15 Claims experience information provided by joint insurance fund. 2 A joint insurance fund established pursuant to P.L.1983, c.372 (C.40A:10-36 et seq.) and subsection e. of section 1 of P.L.1979, c.230 (C.40A:10-6) for the purposes of providing health benefits or heal…

40A:10-38.2. Definitions 2. As used in this act: a. "Bond" means bonds and other obligations, such as letters of credit, authorized and issued by a joint insurance fund. b. "Bond resolution" means a resolution adopted by a joint insurance fund describing the bonds to be authorize…

40A:10-38.3. Bylaws, plan of risk management; filing proof of approval 3. A copy of the proof of approval of the bylaws and plan of risk management issued by the Commissioner of Insurance pursuant to section 6 of P.L.1983, c.372 (C.40A:10-41) shall be filed in the Office of the S…

40A:10-38.4. Issuance of bonds; adoption of bond resolution 4. a. For the purpose of raising funds to establish an environmental impairment liability insurance pool or for the purpose of funding or refunding a bond or other indebtedness, including a letter of credit in connection…

40A:10-38.5. Bonds 5. Upon adoption of a bond resolution, a joint insurance fund shall have the power to incur indebtedness, borrow money and issue its bonds for the purpose of raising funds to establish an environmental impairment liability insurance pool or funding or refunding…

40A:10-38.6. Sale of bonds 6. Bonds of a joint insurance fund may be sold by the fund at public or private sale at a price determined by the commissioners of the fund. L.1993,c.269,s.6.

40A:10-38.7. Bond resolution adoption; publication 7. A joint insurance fund shall cause a copy of a bond resolution adopted by it to be filed for public inspection in its office and in the offices of the clerks of the local units which are members of the fund and shall thereupon…

40A:10-38.8. Negotiability of bonds 8. Any provision of any law to the contrary notwithstanding, bonds issued pursuant to this act shall be fully negotiable within the meaning and for all purposes of the negotiable instruments law of the State, and each holder of a bond, or of an…

40A:10-38.9. Payment of bonds; powers of joint insurance fund 9. A joint insurance fund, in order to secure the payment of its bonds shall have the power by provision in the bond resolution to covenant and agree with the several holders of a bond, as to: a. the custody, security,…

40A:10-39. Bylaws for joint insurance fund The commissioners shall prepare and, after the approval, by resolution, of the governing body of each participating local governmental unit, shall adopt bylaws for the joint insurance fund. The bylaws shall include, but not be limited to…

40A:10-4. Liability for failure to insure Any local unit, other than one providing insurance coverage under Article 3 of this chapter, failing to provide the insurance coverage as provided in N.J.S. 40A:10-3 shall be liable for payment of any judgment recovered in a court of comp…

40A:10-40. Plan of risk management 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 sel…

40A:10-40.1 Participation in joint cash management and investment program. 2. Notwithstanding the provisions of any other law to the contrary, and in addition to the powers otherwise conferred by law, the commissioners of a joint insurance fund established pursuant to P.L.1983, c…

40A:10-41. Approval of bylaws and plan of risk management No joint insurance fund shall begin providing insurance coverage to its member local units until its bylaws and plan of risk management have been approved as hereinafter provided: a. The commissioners of each joint insuran…

40A:10-42. Provision of insurance coverage after approval Upon the approval of its bylaws and plan of risk management pursuant to the provisions of section 6 of this act, a joint insurance fund may provide insurance coverage to its member local units by self-insurance, the purcha…

40A:10-43. Commissioners may amend bylaws, approval by Commissioner of Insurance The commissioners may, from time to time, amend the bylaws and plan of risk management of the fund; provided, however, that no such amendment shall take effect until approved as hereinafter provided.…

40A:10-44. Suspension, termination, assumption of control or other action by Commissioner; grounds The Commissioner of Insurance shall have the authority to suspend or terminate the authority of any joint insurance, or to assume control of the insurance fund, or to direct or take…

40A:10-45. Filing of agreements or contracts The Commissioner of Insurance may, in his discretion, require the commissioners of any fund to file copies of any agreements or contracts entered into by the commissioners of the fund, or any other pertinent documents as he may deem ne…

40A:10-46. Annual audit; submission of copies The insurance fund commissioners or the executive board thereof, as the case may be, shall cause an annual audit to be conducted by an independent certified public accountant or a registered municipal accountant in accordance with the…

40A:10-47. Examinations of funds by commissioner of insurance; payment of expenses The Commissioner of Insurance may conduct such examinations of any joint insurance fund as he deems necessary. The expense of any such examination shall be borne by the affected fund. L.1983, c. 37…

40A:10-48. Joint insurance fund not insurance company or insurer and activities not transaction of insurance nor doing insurance business; inapplicability of insurance laws A joint insurance fund established pursuant to the provisions of this act is not an insurance company or an…

40A:10-49. Rules and regulations Within 180 days after the effective date of this act, the Commissioner of Insurance, after consultation with the Commissioner of the Department of Community Affairs, or if that commissioner shall so designate, the Director of the Division of Local…

40A:10-5. Operator to give prompt notice of claim or demand The operator against whom a claim or demand is made or an action instituted, arising out of the operation or use of any motor vehicle, equipment or apparatus to which this article relates, shall promptly give written not…

40A:10-50. "Local unit" includes county vocational school For the purposes of the provisions of P.L. 1983, c. 372 (C. 40A:10-36 et seq.), "local unit" shall be deemed to include a county vocational school. L. 1988, c. 143, s. 6.

40A:10-51. "Local unit" includes county college For the purpose of the provisions of P.L. 1983, c. 372 (C. 40A:10-36 et seq.), "local unit" shall be deemed to include a county college. L. 1988, c. 144, s. 6.

40A:10-52 Joint insurance for municipality, school district. 1. The governing body of any municipality and the board of education of any school district, provided that the district is not part of a limited purpose regional school district, an all purpose regional school district …

40A:10-53 Joint insurance for municipality, all purpose regional, consolidated school district. 2. In the case of an all purpose regional school district or a consolidated school district, the governing body of any municipality and the board of education of the regional or consol…

40A:10-54 Joint insurance for municipality, limited purpose regional school district. 3. In the case of a limited purpose regional school district, the governing body of any municipality and the board of education of the regional district may by ordinance or resolution, as the ca…

40A:10-55 Additional joint insurance for municipality, limited purpose regional school district, other district. 4. In the case of a limited purpose regional school district, in addition to any contract entered into by a municipality pursuant to section 3 of this act, the governi…

40A:10-56 Joint insurance for municipality, county vocational school district. 5. In the case of a county vocational school district, the governing body of any municipality and the board of education of the county vocational school district may by ordinance or resolution, as the …

40A:10-57 Additional joint insurance for municipality, county vocational school district, other district. 6. In the case of a county vocational school district, in addition to any contract entered into by a municipality pursuant to section 5 of this act, the governing body of any…

40A:10-58. Contracts for insurance 7. Any contract for insurance to be entered into in accordance with this act shall be established pursuant to sections 10 and 11 of P.L.1971, c.198 (C.40A:11-10 and 40A:11-11). L.1992,c.51,s.7.

40A:10-6 Establishment of insurance fund; purposes; appropriations. 40A:10-6. The governing body of any local unit may establish an insurance fund for the following purposes: a. To insure against any loss or damage however caused to any property, motor vehicles, equipment or appa…

40A:10-6.1. "Local unit" for purposes of Article 3, chapter 10 of Title 40A 9. For the purposes of Article 3 of chapter 10 of Title 40A of the New Jersey Statutes, "local unit" shall be deemed to include boards of education which join together with municipalities pursuant to P.L.…

40A:10-7. Maximum and minimum amount of fund The governing body of a local unit may designate the maximum or minimum amount of the fund, and from time to time provide for the disposition of any excess over and above the maximum amount fixed, or of the interest or profits arising …

40A:10-8. Insurance fund commissioners; secretary; appointment; term; compensation; vacancies Upon establishment of an insurance fund, the officer or body of the local unit having the power to make appointments shall appoint three officials of the local unit, who may be members o…

40A:10-9. Organization of commissioners The commissioners shall, forthwith after their appointment, organize for the ensuing year by election from their membership of a chairman, who shall serve for the year. L.1979, c. 230, s. 1, eff. Oct. 15, 1979. Amended by L.1982, c. 25, s. …