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

17:30A-13. Examination of insurers possibly in financial condition hazardous to public; reports and recommendations on insolvency of insurers a. The commissioner shall examine any member insurer who the commissioner has reasonable cause to believe may be insolvent or in a financi…

17:30A-14. Examination and regulation by commissioner; financial report The association shall be subject to examination and regulation by the commissioner. The board of directors shall submit, not later than March 31 of each year, a financial report for the preceding calendar yea…

17:30A-15. Exemption from fees and taxes The association shall be exempt from payment of all fees and all taxes levied by this State or any of its subdivisions except taxes levied on real or personal property. L.1974, c. 17, s. 15, eff. April 11, 1974.

17:30A-16 Surcharges. 16. a. The commissioner shall adopt rules permitting member insurers to recoup over a reasonable length of time, a sum reasonably calculated to recoup assessments paid by the member insurer pursuant to paragraph (3) of subsection a. of section 8 of P.L.1974,…

17:30A-17. 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 association or its agents or employees, the board of directors, or the commissioner or h…

17:30A-18 Stay of actions or set aside of judgments against insolvent insurers, certain. 18. 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 association in speci…

17:30A-19. Termination of association as to kind of insurance with statutory or voluntary plan a. The commissioner shall by order terminate the operation of the association as to any kind of insurance covered by this act with respect to which he has found, after hearing, that the…

17:30A-2 Payment of covered claims. 2. a. The purpose of this act is to provide a mechanism for the payment of covered claims under certain insurance policies, to avoid excessive delay in payment, to minimize financial loss to claimants or policyholders because of the insolvency …

17:30A-2.1 Findings, declarations relative to automobile insurance and consolidation of operations. 1. With respect to sections 2 through 34 of this act, the Legislature finds and declares that: a. The Unsatisfied Claim and Judgment Fund, created pursuant to P.L.1952, c.174 (C.39…

17:30A-2.2 Findings, declarations relative to transfer, consolidation of "the workers' compensation security fund." 7. The Legislature finds and declares that: a. It is in the public interest to authorize the transfer and consolidation of compatible operations of "the workers' co…

17:30A-20. Prohibition of advertisement using association for purpose of sales or solicitation No person, including an insurer, agent, or affiliate of an insurer shall make, publish, disseminate, circulate, or place before the public, or cause, directly or indirectly, to be made,…

17:30A-3. Severability If any provision of this act or the application thereof to any person or circumstance is held invalid, the invalidity shall not affect other provisions or applications of this act which can be given effect without the invalid provision or application, and f…

17:30A-4. Construction of act; inconsistent laws a. This act shall be liberally construed to effect the purpose under section 2 which shall constitute an aid and guide to interpretation. b. All laws and parts of laws of this State inconsistent with this act are hereby deemed supe…

17:30A-5 Definitions relative to the Property-Liability Insurance Guaranty Association. 5. As used in this act: "Affiliate" means a person who directly, or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with an insolvent ins…

17:30A-6 New Jersey Property-Liability Insurance Guaranty Association. 6. There is created a private, nonprofit, unincorporated, legal entity to be known as the New Jersey Property-Liability Insurance Guaranty Association. All insurers defined as member insurers in section 5 shal…

17:30A-6.1 Transfer of functions, powers, duties to PLIGA. 6. a. Notwithstanding the provisions of any other law to the contrary, all of the functions, powers and duties of the New Jersey Automobile Full Insurance Underwriting Association, created pursuant to P.L.1983, c.65 (C.17…

17:30A-7. Board of directors a. The board of directors of the association shall consist of not less than five nor more than nine members serving terms as established in the plan of operation hereinafter described. One member of the board shall be appointed by the commissioner fro…

17:30A-8 Association's obligations, powers and duties. 8. a. The association shall: (1) Be obligated to the extent of the covered claims against an insolvent insurer incurred prior to or 90 days after the determination of insolvency, or before the policy expiration date if less t…

17:30A-9 Plan of operation. 9. a. (1) The association shall submit to the commissioner a plan of operation and any amendments thereto necessary or suitable to assure the fair, reasonable, and equitable administration of the association. The plan of operation and any amendments th…