N.J. Stat. § 17:37A-4: Powers

The association shall, pursuant to the provisions of this act and the plan of operation, and with respect to essential property insurance on insurable property, have the power, on behalf of its members:

a. To cause to be issued policies of insurance to applicants;

b. To assume reinsurance from its members;

c. To cede reinsurance.

L.1968, c. 129, s. 4, eff. July 1, 1968.