17:33B-11. Market Transition Facility
70 words·~1 min read·
/nj/title-17/chapter-33b/17-33b-11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
88. a. There is created a Market Transition Facility to be operated by the Commissioner of Insurance pursuant to the provisions of this section. Every insurer authorized to transact automobile insurance in this State shall be a member of the facility and shall share in its profits and losses as provided by the commissioner pursuant to the provisions of subsection d. of this section.
b. (Deleted by amendment, P.L.1994, c.57.)