N.J. Admin. Code § 11:2-36.1

Current through Register Vol. 56, No. 24, December 18, 2024

Section 11:2-36.1 - Purpose and scope

(a) The purpose of this subchapter is to regulate in this State the formation and/or operation of:

1. Foreign or alien risk retention groups; and

2. Purchasing groups formed in the United States pursuant to 15 U.S.C. § 3901 et seq.

(b) This subchapter applies to:

1. All foreign or alien risk retention groups and their legal representatives, who are doing or intend to do business in this State; and

2. All purchasing groups with members located in this State and their legal representatives, who are doing or intend to do business in this State.

N.J. Admin. Code § 11:2-36.1