17:47B-15 Rules.
70 words·~1 min read·
/nj/title-17/chapter-47b/17-47b-15·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
15. The commissioner may adopt rules establishing standards to ensure that a parent or affiliated company is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by a pure captive insurance company, except that until such time as rules under this section are adopted, the commissioner may approve the coverage of the risk by a pure captive insurance company.
L.2011, c.25, s.15.