Title 17, Title 17: CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

17:22-6.75. Financial support; surcharges; loans a. In order to provide the monies necessary to meet the fund's obligations and expenses under this act: (1) Each member insurer, including a surplus lines insurer made eligible on or after the effective date of this act, shall make…

17:22-6.76. Suspension of eligibility of member insurer or license of surplus lines agent; interest on unpaid assessment or surcharge; reinstatement The commissioner may, after notice, suspend the eligibility of a member insurer or the license of a surplus lines agent that fails …

17:22-6.77 Declaration of insolvency, actions of commissioner. 8. a. An insolvent insurer shall forward to the commissioner and to the association a copy of the declaration of insolvency within three business days of the date of the determination of the insolvency. A surplus line…

17:22-6.78 Assignment of rights by person recovering. 9. a. Any person recovering under this act shall be deemed to have assigned his rights under the policy from which the claim arose to the fund to the extent of his recovery from the fund. Every policyholder or claimant seeking…

17:22-6.79 Recovery of covered claims, exhaustion of other sources. 10. a. Any person having a covered claim that may be recovered from more than one insurance guaranty association, or its equivalent, shall be required to exhaust first his rights under the statute governing the a…

17:22-6.80. Examination of insurers in financial condition hazardous to policyholders or public; request to domiciliary jurisdiction for examination and report In the event the commissioner has sufficient basis to believe that the financial condition of a member insurer is hazard…

17:22-6.81. Examination and regulation of fund; financial report The fund shall be subject to examination and regulation by the commissioner. The association, on behalf of the fund, shall submit, not later than March 31 of each year, a financial report for the preceding calendar …

17:22-6.82. Immunity from liability of persons acting under this law There shall be no liability on the part of, and no cause of action of any nature shall arise against any member insurer, the fund, the association or its board of directors, or agents or employees, or the commis…

17:22-6.83. Coverage under this act; notice on application and policy or certificate; advertisement A member insurer shall include on the application and on the face of the policy or certificate for insurance subject to this act, a notice stating that the insurer is not an admitt…

17:22-6.84 Proceedings involving insolvent insurer stayed; conditions. 7. All proceedings in which the insolvent insurer is a party or is obligated to defend a party in any court in this State shall, subject to full or partial waiver by the fund in specific cases involving covere…