New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 10 - DENTAL SERVICES
Subchapter 1 - DENTAL PLAN ORGANIZATIONS
Section 11:10-1.11 - Fidelity bonds, crime and malpractice insurance
Universal Citation: NJ Admin Code 11:10-1.11
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The minimum amount of the fidelity bond, or crime insurance or its equivalent, on each director, officer, partner or employee of the DPO who receives, collects, reimburses or invests moneys in connection with the activities of the organization shall be $ 50,000.
1. Every DPO
shall increase the bond amount, or its equivalent, as appropriate whenever its
risk of loss for individual employee theft is greater than $ 50,000.
2. The fidelity bond or insurance policy
shall name the DPO and the State of New Jersey as dual obligees or the State of
New Jersey as an additional insured, as appropriate.
(b) All dentists serving covered persons of a DPO shall be insured against professional liability or for malpractice in an amount not less than $ 1,000,000 per occurrence and $ 3,000,000 in the aggregate.
(c) The fidelity bond or alternate insurance coverage and the malpractice policy shall be obtained only from insurers which are authorized to conduct business in New Jersey.
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