New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 15 - GROUP SELF-INSURANCE
Subchapter 3 - JOINT INSURANCE FUNDS FOR LOCAL GOVERNMENT UNITS PROVIDING GROUP HEALTH AND TERM LIFE BENEFITS
Section 11:15-3.17 - Failure or refusal to provide required assessments

Universal Citation: NJ Admin Code 11:15-3.17
Current through Register Vol. 56, No. 6, March 18, 2024

Should any member of a joint insurance fund fail or refuse to pay as directed its assessment(s) to the fund or to pay as directed any supplemental assessment(s), or should the fund commissioners fail to assess funds required to meet the obligations of the fund, the chairman of the joint insurance fund commission or in the event of his or her failure to do so, the custodian of the fund's assets shall notify in writing the Commissioner and the Commissioner of the Department of Community Affairs. Upon such notification, the Commissioner shall order the fund or member to take such remedial action as he or she deems necessary.

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