Back to Statutes By Title
Title: INSURANCE
Section: New Jersey Insolvent Health Maintenance Organization Assistance Association.
Statute: 17B:32B-5
Statute Text
5. There is created a nonprofit legal entity to be known as the New Jersey Insolvent Health Maintenance Organization Assistance Association. All health maintenance organizations authorized to transact business in this State shall be and remain members of the association as a condition of their authority to transact business in this State. The association shall perform its functions under the plan of operation established and approved pursuant to section 10 of this act and shall exercise its powers through a board of directors established pursuant to section 7 of this act. The association shall be supervised by the commissioner and is subject to the provisions of this act.
L.2000,c.12,s.5.
The statute data presented on this website was last updated April 10, 2011. For up to date statutes and other legislation articles consult the NJ legislation website at http://www.njleg.state.nj.us. Sammarro & Zalarick cannot be held responsible for any errors or discrepancies in the statute data presented on this website.