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New Jersey Statutes, Title: 17B, INSURANCE

    Chapter 27a:

      Section: 17B:27a-25.6: Further authority of alliance

           6. In addition to the powers authorized under this act, a purchasing alliance shall have the authority to:

a. Set reasonable fees for membership in the alliance that will finance reasonable and necessary costs incurred in administering the purchasing alliance;

b. Negotiate premium rates with carriers on behalf of the members of the alliance; and

c. Contract with third parties for any services necessary to carry out the powers and duties authorized or required pursuant to this act.

L.2001,c.225,s.6.



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






Older versions of 17b:27a-25.6 (if available):



Court decisions that cite this statute: CLICK HERE.