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New Jersey Statutes, Title 17B

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Title 17B, Title 17B: INSURANCE

30 chapters · 1,003 sections in this title.

All chapters in Title 17B1,003 Ch 27A, Chapter 27A187 Ch 27, Chapter 27134 Ch 26, Chapter 26110 Ch 30, Chapter 3075 Ch 18, Chapter 1870 Ch 32, Chapter 3262 Ch 25, Chapter 2550 Ch 17, Chapter 1734 Ch 27B, Chapter 27B25 Ch 30B, Chapter 30B20 Ch 32A, Chapter 32A19 Ch 26A, Chapter 26A17 Ch 27F, Chapter 27F17 Ch 32B, Chapter 32B17

12 sections·Filtered byTitle 17B✕Ch 27C✕

N.J.S.A. 17B:27C-1 Short title.
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17B:27C-1 Short title. 1. This act shall be known and may be cited as the "Self-Funded Multiple Employer Welfare Arrangement Regulation Act." L.2001,c.352,s.1.
N.J.S.A. 17B:27C-10 Revocation, suspension of certificate of registration; violations, penalties.
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17B:27C-10 Revocation, suspension of certificate of registration; violations, penalties. 10. a. The commissioner may revoke or suspend the certificate of registration of any self-funded multiple employer welfare arrangement that fails to correct any inadequacy pursuant to section…
N.J.S.A. 17B:27C-11 Rehabilitation, liquidation, conservation, dissolution.
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17B:27C-11 Rehabilitation, liquidation, conservation, dissolution. 11. Any rehabilitation, liquidation, conservation or dissolution of a self-funded multiple employer welfare arrangement shall be conducted under the supervision of the State Superior Court in the county in which t…
N.J.S.A. 17B:27C-12 Rules, regulations.
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17B:27C-12 Rules, regulations. 12. The commissioner, in accordance with the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), may adopt rules and regulations necessary to effectuate the purposes of this act. L.2001,c.352,s.12.

N.J.S.A. 17B:27C-2 Purposes of act.

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17B:27C-2 Purposes of act. 2. The purposes of this act are to: a. provide for the registration of self-funded or partially self-funded multiple employer welfare arrangements; b. regulate self-funded or partially self-funded multiple employer welfare arrangements in order to ensur…

N.J.S.A. 17B:27C-3 Definitions relative to self-funded multiple employer welfare arrangements.

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17B:27C-3 Definitions relative to self-funded multiple employer welfare arrangements. 3. For purposes of this act: "Association" means a group of 100 or more persons organized and maintained in good faith for purposes other than that of obtaining insurance, in active existence fo…

N.J.S.A. 17B:27C-4 Annual registration, fee.

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17B:27C-4 Annual registration, fee. 4. A self-funded multiple employer welfare arrangement shall register annually with the commissioner and pay a registration fee established by the commissioner which shall not exceed $1,000. L.2001,c.352,s.4.

N.J.S.A. 17B:27C-5 Deposit, maintenance of cash, securities.

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17B:27C-5 Deposit, maintenance of cash, securities. 5. a. A self-funded multiple employer welfare arrangement shall deposit and continuously maintain with a financial institution licensed in this State, cash or securities as defined in N.J.S. 17B:18-37, having an admitted asset v…

N.J.S.A. 17B:27C-6 Required filings.

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17B:27C-6 Required filings. 6. Each self-funded multiple employer welfare arrangement shall file all of the following with the commissioner: a. No later than May 15th of each calendar year or four months and 15 days after the end of each fiscal year of the self-funded multiple em…

N.J.S.A. 17B:27C-7 Liability of members.

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17B:27C-7 Liability of members. 7. a. The liability of each member for the obligations of the self-funded multiple employer welfare arrangement shall be individual, several and proportionate, but not joint, except as provided in this section. b. Each member shall have a contingen…

N.J.S.A. 17B:27C-8 Inapplicability of insurance laws in certain circumstances.

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17B:27C-8 Inapplicability of insurance laws in certain circumstances. 8. a. Except as provided by this act, the insurance laws of this State do not apply to the operation of self-funded multiple employer welfare arrangements. A self-funded multiple employer welfare arrangement is…

N.J.S.A. 17B:27C-9 Examination of loss reserves.

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17B:27C-9 Examination of loss reserves. 9. a. The commissioner may, upon reasonable notice, conduct an examination of the loss reserves of a self-funded multiple employer welfare arrangement as often as the commissioner in his discretion may deem necessary. The expenses of the ex…