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Section 17:33B-57 - Exempted, abated, deferred assessment to be assessed against other member insurers

NJ Rev Stat § 17:33B-57 (2019) (N/A)
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17:33B-57. Exempted, abated, deferred assessment to be assessed against other member insurers

If an assessment against a member insurer is exempted, abated or deferred pursuant to the provisions of section 95 or 96 of this 1990 amendatory and supplementary act, the amount by which such assessment is exempted, abated or deferred shall be assessed against the other member insurers in a manner consistent with the basis for assessment set forth in paragraph (9) of subsection a. of section 8 of P.L.1974, c.17 (C.17:30A-8). After the exemption, abatement or deferral is revoked in whole, the commissioner may order that the association require the insurer to pay those obligations deferred pursuant to the provisions of section 95 or 96 of this act.

L.1990,c.8,s.97.

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