{"data":{"id":"us-nj/n.j.-stat.-17-47b-11","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:47B-11","heading":"Regulations relative to captive insurance company.","body":"11. a. A captive insurance company shall not be required to join a rating organization.\nb.\tA captive insurance company shall not be permitted to join or contribute financially to a plan, pool, association, or guaranty or insolvency fund in this State, including the New Jersey Life and Health Insurance Guaranty Association, P.L.1991, c.208 (C.17B:32A-1 et seq.), the New Jersey Property-Liability Insurance Guaranty Association, P.L.1974, c.17 (C.17:30A-1 et seq.), the New Jersey Surplus Lines Insurance Guaranty Fund, P.L.1984, c.101 (C.17:22-6.70 et seq.), or \"the workers' compensation security fund\" created pursuant to R.S.34:15-105, nor shall a captive insurance company, or an insured or affiliate thereof, or a claimant thereof, receive a benefit from a plan, pool, association, or guaranty or insolvency fund, including the New Jersey Life and Health Insurance Guaranty Association, P.L.1991, c.208 (C.17B:32A-1 et seq.), the New Jersey Property-Liability Insurance Guaranty Association, P.L.1974, c.17 (C.17:30A-1 et seq.), the New Jersey Surplus Lines Insurance Guaranty Fund, P.L.1984, c.101 (C.17:22-6.70 et seq.), or \"the workers' compensation security fund\" created pursuant to R.S.34:15-105, for claims arising out of the operations of a captive insurance company.\nL.2011, c.25, s.11.","path":["TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE \t\t\tAND INSURANCE"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"f8eb7e57311fd1cfe7de6365ef1eb00b7b873e4c19ef6c799d48f63a5c1de13b","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-47b-10","next":"us-nj/n.j.-stat.-17-47b-12"},"notice":"GroundRules: Original legal text. Not legal advice."}