N.J. Stat. § 40A:10-42
Current through L. 2023, c. 280.
Upon the approval of its bylaws and plan of risk management pursuant to the provisions of section 6 of this act, a joint insurance fund may provide insurance coverage to its member local units by self-insurance, the purchase of commercial insurance or reinsurance, or any combination thereof.
N.J.S. § 40A:10-42