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Section 34:15-77.7 - Denial of application or revocation of consent

NJ Rev Stat § 34:15-77.7 (2019) (N/A)
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34:15-77.7. Denial of application or revocation of consent

The commissioner shall have the authority to deny the application of any group of self-insurers to pay such benefits, or to revoke his consent for any group continuing to pay for good cause shown, including, but not limited to:

a. Failure to comply with regulations adopted by the commissioner or with any provisions of this act;

b. Failure to comply with a lawful order of the commissioner;

c. Deterioration of financial condition to such an extent that such deterioration would have an adverse affect on the ability of the self-insurance group to pay expected losses.

L.1983, c. 376, s. 8, eff. Nov. 10, 1983.

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