N.J. Stat. § 17B:27C-2: Purposes of act.

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.