New Jersey § 40a:10-40
Full text of New Jersey New Jersey Statutes § 40a:10-40, with citation guidance and answers to common questions.
§ 40a:10-40.
The commissioners shall prepare, or cause to be prepared, a plan of risk management
for the joint insurance fund. The plan shall include, but not be limited to: a. The perils or liability to be insured against; b. Limits of coverage, whether self-insurance, direct insurance purchased from a commercial
carrier, or reinsurance; c. The amount of risk to be retained by the fund; d. The amount of reserves to be established; e. The proposed method of assessing contributions to be paid by each member of the
fund; f. Procedures governing loss adjustment and legal fees; g. Coverage to be purchased from a commercial insurer, if any; h. Reinsurance to be purchased, if any, and the amount of premium therefor; i. Such other procedures and information as the Commissioner of Insurance may require
by rule or regulation.
Frequently Asked Questions About New Jersey § 40a:10-40
What does New Jersey Statutes § 40a:10-40 cover?
Section 40a:10-40 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 40a:10-40?
A common citation format is "New Jersey Statutes § 40a:10-40" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 40a:10-40 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.