N.J. Stat. § 40A:10-42: Provision of insurance coverage after approval

Upon the approval of its bylaws and plan of risk management pursuant to the provisions of section 6 of this act, a joint insurance fund may provide insurance coverage to its member local units by self-insurance, the purchase of commercial insurance or reinsurance, or any combination thereof.

L.1983, c. 372, s. 7, eff. Oct. 28, 1983.