New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 1 - ADMINISTRATION
Subchapter 46 - WORKERS' COMPENSATION SECURITY FUND
Section 11:1-46.2 - Definitions

Universal Citation: NJ Admin Code 11:1-46.2
Current through Register Vol. 56, No. 18, September 16, 2024

The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise.

"Carrier" means any stock corporation, reciprocal or association organized and operating on the mutual plan, authorized or admitted to transact workers' compensation insurance in this State, except an insolvent carrier.

"Commissioner" means the Commissioner of the New Jersey Department of Banking and Insurance.

"Department" means the New Jersey Department of Banking and Insurance.

"Fund" means the Workers' Compensation Security Fund established pursuant to 34:15-103 et seq.

"Insolvent carrier" means a carrier which has been determined to be insolvent, or for which, or for the assets of which, a receiver has been appointed by a court or public officer of competent jurisdiction and authority.

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