New Jersey Statutes 34:15-77.5. Financial statement; description of service organizations
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Terms Used In New Jersey Statutes 34:15-77.5
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Every such group self-insurer shall, on an annual basis, or as often as the commissioner deems it necessary, furnish to the commissioner:
a. A financial statement of the group’s assets and liabilities, the claims paid during the preceding 12 months, current reserves, incurred losses, and any other information that the commissioner may require; and
b. A description of the service organizations maintained by the employer or group for the prevention of injuries and claims administration services.
L.1983, c. 376, s. 6, eff. Nov. 10, 1983.