17B:27C-2 Purposes of act.
80 words·~1 min read·
/nj/title-17b/chapter-27c/17b-27c-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
2. The purposes of this act are to:
a. provide for the registration of self-funded or partially self-funded multiple employer welfare arrangements;
b. regulate self-funded or partially self-funded multiple employer welfare arrangements in order to ensure the financial integrity of the arrangements;
c. provide reporting requirements for self-funded or partially self-funded multiple employer welfare arrangements; and
d. provide for sanctions against self-funded or partially self-funded multiple employer welfare arrangements that do not comply with the provisions of this act.
L.2001,c.352,s.2.