New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 2 - INSURANCE GROUP
Subchapter 36 - RISK RETENTION GROUPS AND PURCHASING GROUPS
Section 11:2-36.1 - Purpose and scope
Universal Citation: NJ Admin Code 11:2-36.1
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The purpose of this subchapter is to regulate in this State the formation and/or operation of:
1. Foreign or alien risk retention
groups; and
2. Purchasing groups
formed in the United States pursuant to
15
U.S.C. §
3901 et seq.
(b) This subchapter applies to:
1. All foreign or alien risk retention groups
and their legal representatives, who are doing or intend to do business in this
State; and
2. All purchasing groups
with members located in this State and their legal representatives, who are
doing or intend to do business in this State.
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