17:49A-4 - Joint insurance funds - New Jersey Statutes

17:49A-4.    Joint insurance funds
     a.   The board of a nonprofit corporation may, by resolution, agree to participate with any other nonprofit corporation or corporations in a joint insurance fund for the purpose of insuring against liability, property damage, and workers' compensation.

    b.   The owner of a Keys amendment facility may agree, in writing, to participate with any other Keys amendment facility or facilities in a joint insurance fund for the purpose of insuring against liability, property damage, and workers' compensation.

    L. 1987, c. 431, s. 4.