34:15-117 Insolvency of carrier; notice to Division of Workers' Compensation; report of conditions.
100 words·~1 min read·
/nj/title-34/chapter-15/34-15-117A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Forthwith upon any carrier becoming insolvent, the Commissioner of Banking and Insurance shall so notify the Division of Workers' Compensation, and the division shall immediately advise the commissioner:
(a)of all claims for compensation pending or thereafter made against an employer insured by such insolvent carrier, or against such insolvent carrier;
(b)of all unpaid or continuing agreements, awards or decisions made upon claims prior to or after the date of such notice from such commissioner; and
(c)of all appeals from or applications for modifications or recision or review of such agreements, awards or decisions.
Amended 2004, c.179, s.9.