N.J. Admin. Code § 11:15-7.7

Current through Register Vol. 57, No. 1, January 6, 2025

Section 11:15-7.7 - Disapproval of bylaws and risk management program

If the Commissioner determines that the bylaws or risk management program of the group or any subsequent amendments thereto do not contain all of the information set forth in N.J.A.C. 11:15-7.6, are not submitted in the proper format set forth in N.J.A.C. 11:15-7.5, or otherwise do not meet the requirements of N.J.S.A. 18A:64-86 et seq. or this subchapter, the Commissioner shall disapprove the bylaws or risk management program and notify the group in writing, which notice shall contain the specific reasons for disapproval, and the requirements to be met before approval may be granted. If not disapproved by the Commissioner within 60 days of receipt of the bylaws and risk management program or any amendments or changes thereto, which contain all of the information and documentation set forth in N.J.A.C. 11:15-7.6, in the format set forth in N.J.A.C. 11:15-7.5, and which meet the requirements of N.J.S.A. 18A:64-86 et seq. and this subchapter, the bylaws and program shall be deemed approved.