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17:47A-3. Requirements for establishment of risk retention group
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
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17
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47A-3
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Requirements
for
establishment
of
risk
retention
group
17
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47A-3
.
Requirements
for
establishment
of
risk
retention
group
3. a. Any person wishing to establish a
risk
retention
group
chartered and licensed to write only liability insurance in this State shall, in addition to meeting the
requirements
pursuant to R.S.17:17-1 et seq., submit to the commissioner, on a form prescribed by the commissioner, a plan of operation or feasibility study. The...
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risk
retention
group
shall submit an appropriate revision in the event of any subsequent material change in any item of the plan of operation or feasibility study, within...
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