New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 15 - GROUP SELF-INSURANCE
Subchapter 2 - JOINT INSURANCE FUNDS FOR LOCAL GOVERNMENTAL UNITS PROVIDING PROPERTY AND LIABILITY COVERAGES
Section 11:15-2.18 - Individual loss reserve funds
Universal Citation: NJ Admin Code 11:15-2.18
Current through Register Vol. 56, No. 24, December 18, 2024
(a) Whenever the risk management plan of a joint insurance fund requires the fund's members to individually retain a specific amount of risk, potential liability, or incurred losses, the participant shall provide for such liability, or incurred loss:
1. As a deductible to be charged to the
operating expenses of the incurring department or agency;
2. Through a separate item of appropriation
for the fund year in its annual budget; or
3. Through establishment of an insurance fund
pursuant to
N.J.S.A. 40A:10-1 et seq.
Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
