N.J. Admin. Code § 11:15-5.1

Current through Register Vol. 56, No. 21, November 4, 2024

Section 11:15-5.1 - Purpose and scope

(a) This subchapter sets forth the requirements for the establishment, operation, oversight, modification and dissolution of joint insurance funds formed by two or more school boards for the purpose of providing contributory or non-contributory group health insurance or group term life insurance, or both, to employees or their dependents, and to any other person eligible for coverage by a member school board pursuant to 18A:18B-1 et seq.

(b) This subchapter shall apply to all school boards seeking to form a joint insurance fund for the purpose of providing contributory and non-contributory group health or group term life insurance and all joint insurance funds formed for such purpose pursuant to 18A:18B-1 et seq. and this subchapter.

(c) No school board shall join together with any other school board or school boards to act as a joint insurance fund for the purpose of providing contributory or non-contributory group health or group term life insurance except as authorized by the Commissioner in accordance with the provisions of 18A:18B-1 et seq. and this subchapter.

(d) The authority of a joint insurance fund formed for the purpose of providing contributory and non-contributory group health insurance or group term life insurance, or both, shall be limited solely to those coverages.

N.J. Admin. Code § 11:15-5.1