N.J. Admin. Code § 12:16-24.8

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

Section 12:16-24.8 - Assurance organizations-approval

(a) No assurance organization shall perform any of the functions authorized under 12:16-24.7, unless it has first obtained a certificate of approval issued by the Commissioner or his or her designee under this section.

(b) An assurance organization that seeks a certificate of approval under this section shall apply to the Commissioner or his or her designee. For this purpose, the Commissioner or his or her designee shall prepare a "New Jersey Department of Labor and Workforce Development Application for an Assurance Organization Certificate of Approval." This form shall be available on the Department website at: http://lwd.dol.state.nj.us/labor/employer/ea/empinfo/Emplleasing.html or may be requested by contacting the Department directly, by calling the Department's hotline at (609) 633-6400.

(c) As part of its application to the Commissioner or his or her designee, an assurance organization shall provide all required information and documents requested in the Application for an Assurance Organization Certificate of Approval.

1. The information and documents requested in the application shall include identifying information, such as the name of the organization, the organization address, the telephone number of the organization, the address of the organization's principal place of business if different than its listed address, and the names of the principals in the organization.

2. The information and documents requested in the application shall also include that which is being elicited by the Commissioner or his or her designee in order to satisfy the Commissioner or his or her designee that the organization is qualified to certify the qualifications of an employee leasing company or employee leasing company group and that the organization is independent of the control or influence of any employee leasing company or employee leasing company group.

(d) An applicant shall fully and accurately complete all parts of the Application for an Assurance Organization Certificate of Approval. Failure to provide a complete application shall result in rejection without prejudice.

(e) An approved assurance organization shall apply on an annual basis to the Commissioner or his or her designee for renewal of the certificate of approval.

(f) The annual approval renewal form shall be available at the website address or using the same telephone number listed in (b) above and shall be completed and returned to the Commissioner or his or her designee on or before January 31 of each calendar year.

N.J. Admin. Code § 12:16-24.8

New Rule, R.2013 d.101, effective 8/19/2013.
See: 44 N.J.R. 1951(a), 45 N.J.R. 1960(c).
Former N.J.A.C. 12:16-24.8, Rescission of the registration of an employee leasing company or professional employer organization, recodified to N.J.A.C. 12:16-24.13.