17:50-16 - Workmen's compensation insurance, authority to exchange contracts - New Jersey Statutes

17:50-16.  Workmen's compensation insurance, authority to exchange contracts
    Employers are hereby expressly authorized to exchange contracts of workmen's  compensation insurance, at any reciprocal exchange licensed in this State to do  that kind of business, but all such exchanges shall be subject to the  provisions of the laws of this State relating to the business of workmen's  compensation insurance and shall contribute and pay to the funds described in  sections 34:15-94, 34:15-112, 34:15-113, 34:15-114 and 34:15-115 of the Revised  Statutes in the same manner and to the same extent as mutual carriers engaged  in the business of workmen's compensation insurance.

     L.1945, c. 161, p. 562, s. 16.