N.J. Admin. Code § 11:15-7.14
Current through Register Vol. 56, No. 21, November 4, 2024
Each group shall establish an administrative account for each fund year which shall be utilized for payment of the group's general operating expenses, including, but not limited to, loss prevention activities, data processing services and general legal expenses. A group shall not be required to establish a separate administrative account by fund year, provided the fund provides a plan in its bylaws which provides for the recording and accounting of all transactions by fund year.
N.J. Admin. Code § 11:15-7.14