New Jersey Statutes 34:15-104. Definitions
Terms Used In New Jersey Statutes 34:15-104
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
“Fund” means the workers’ compensation security fund created by R.S.34:15-105.
“Fund year” means the calendar year.
“Carrier” means any stock corporation, reciprocal or association organized and operating on the mutual plan, authorized to transact the business of workers’ compensation insurance in this State, except an insolvent carrier.
“Insolvent carrier” means a carrier which has been determined to be insolvent, or for which or for the assets of which a receiver has been appointed by a court or public officer of competent jurisdiction and authority.
“Covered claims” means “compensation,” “benefits,” “death benefits,” and “payments of losses” with respect to the injury or death of workers under this chapter, R.S. 34:15-1 et seq., or the federal “Longshore and Harbor Workers’ Compensation Act,” 44 Stat. 1424 (33 U.S.C. § 901 et seq.), arising from coverage of risks located or resident in this State.
“Compensation rate” means the rate of compensation provided by the workers’ compensation act, R.S.34:15-1 et seq.
Amended 1987, c.250, s.1; 2004, c.179, s.1.