New Jersey § 39:6-63

§ 39:6-63.

For the purpose of creating and maintaining the fund: (a) (Deleted by amendment, P.L.1968, c. 323, s.3.) (b) (Deleted by amendment, P.L.1968, c. 323, s.3.) (c) (Deleted by amendment, P.L.1968, c. 323, s.3.) (d) Commencing on or before December 30, 2003, and on or before December 30 in each year

thereafter, the association shall calculate the probable amount which will be needed

to carry out its responsibilities under section 35 of P.L.2003, c.89 ( C.39:6-86.7 ), section 9 of P.L.1952, c. 174 ( C.39:6-69 ) and section 7 of P.L.1972, c. 198 ( C.39:6-86.1 ) during the ensuing year. In that calculation, the association shall take into consideration the amount presently

reserved for pending claims, anticipated payments from the fund during that year and

during the two years after that year, anticipated amounts to be reserved for claims

pending during that year, and the desirability of maintaining a surplus over and above

those anticipated payments and present and anticipated reserves, which surplus shall

not exceed the amount actually paid from the fund during the 12 full calendar months

immediately preceding the date of calculation. The probable amount needed to carry out the provisions of this section shall be

assessed against insurers for that year's contribution to the fund. (e) Whenever any of the provisions concerning the method and sources of assessments on

insurers, the maximum amounts payable from the fund, eligibility or qualifications

of claimants, or amounts to be deducted from payments made from the fund are amended

by law, the association may, if the association deems it necessary, rescind any assessment

on insurers. The association shall then, within 30 days of the adoption of such amendment, recalculate

the probable amount which will be needed to carry out the provisions of P.L.2003, c.89 (C.17: 30A-2.1 et al.) during the ensuing fiscal year, in accordance with the provisions

of subsection (d) of this section. If, in the judgment of the association, the estimated balance of the fund at the

beginning of the next year will be sufficient to meet those needs, the association

shall determine the contributions of insurers, if any, in accordance with the provisions

of subsection (d) of this section.