17B:27C-2 - Purposes of act - New Jersey Statutes

17B:27C-2  Purposes of act.

2.The purposes of this act are to:

a.provide for the registration of self-funded or partially self-funded multiple employer welfare arrangements;

b.regulate self-funded or partially self-funded multiple employer welfare arrangements in order to ensure the financial integrity of the arrangements;

c.provide reporting requirements for self-funded or partially self-funded multiple employer welfare arrangements; and

d.provide for sanctions against self-funded or partially self-funded multiple employer welfare arrangements that do not comply with the provisions of this act.

L.2001,c.352,s.2.