Skip to main content
THIS SITE
PREVIOUS SECTION Go back to sections Go back to the chapter Go back to the N.J. Statutes homepage NEXT SECTION


New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

    Chapter 47b:

      Section: 17:47b-18: Regulations relative to risk retention group.

          
18. a. A risk retention group shall not be either a sponsor or participant in a sponsored captive insurance company.

b. An association, corporation, limited liability company, partnership, trust or any another business entity may be a participant in any sponsored captive insurance company formed or licensed under this act.

c. A sponsor may be a participant in a sponsored captive insurance company.

d. A participant need not be a shareholder of a sponsored captive insurance company or any affiliate of a sponsored captive insurance company.

e. A participant shall insure only its own risks through a sponsored captive insurance company.

L.2011, c.25, s.18.



This section added to the Rutgers Database: 2013-06-10 16:36:30.






Older versions of 17:47b-18 (if available):



Court decisions that cite this statute: CLICK HERE.