N.J. Admin. Code § 11:10-1.11

Current through Register Vol. 56, No. 23, December 2, 2024

Section 11:10-1.11 - Fidelity bonds, crime and malpractice insurance

(a) The minimum amount of the fidelity bond, or crime insurance or its equivalent, on each director, officer, partner or employee of the DPO who receives, collects, reimburses or invests moneys in connection with the activities of the organization shall be $ 50,000.

1. Every DPO shall increase the bond amount, or its equivalent, as appropriate whenever its risk of loss for individual employee theft is greater than $ 50,000.

2. The fidelity bond or insurance policy shall name the DPO and the State of New Jersey as dual obligees or the State of New Jersey as an additional insured, as appropriate.

(b) All dentists serving covered persons of a DPO shall be insured against professional liability or for malpractice in an amount not less than $ 1,000,000 per occurrence and $ 3,000,000 in the aggregate.

(c) The fidelity bond or alternate insurance coverage and the malpractice policy shall be obtained only from insurers which are authorized to conduct business in New Jersey.

N.J. Admin. Code § 11:10-1.11

Amended by R.2011 d.227, effective 9/6/2011.
See: 43 N.J.R. 124(a), 43 N.J.R. 2347(a).
Section was "Fidelity bonds and malpractice insurance". Rewrote (a); in (b), substituted "covered persons" for "enrollees"; and in (c), inserted "or alternate insurance coverage".