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17:49A-7. Plan of risk management |
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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: 49A-7. Plan of risk management 17: 49A-7. Plan of risk management The commissioners shall prepare, or cause to be prepared, a plan of risk management for the joint insurance fund. The plan shall include, but not be limited to: a. The perils or liabilities to be insured against; b. Limits of coverage, whether self-insurance, direct insurance...
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purchased from a commercial carrier, or reinsurance; c. The amount of risk to be retained by the fund; d. The amount of reserves to be established; e. The contributions to be paid by each participating nonprofit corporation...
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