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XML document 17:30E-7. Powers and duties
New Jersey Statutes (Unannotated) / NEW JERSEY GENERAL AND PERMANENT STATUTES (UPDATED THROUGH P.L.2023, c.256, and J.R.18) / TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
...  17: 30E-7. Powers and duties 17: 30E-7. Powers and duties Pursuant to the plan of operation, the association shall have the power and duty to: a. Enter into contracts as are necessary or proper to...
... suits, costs of investigations, costs of defense, settlements or judgments against them on account of an act or omission in the scope of a director's duties or employee's employment. The association shall refuse to indemnify if it determines that the act or failure to act was because of actual fraud, willful...
... the practices of any servicing carrier are inadequate, establish a program for that member which will assist the servicing carrier in the performance of its duties and charge that servicing carrier a reasonable fee for establishing and operating such a program; q. Audit the operations of members for the purpose of...

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