{"data":{"id":"us-nj/n.j.-stat.-17-47b-18","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:47B-18","heading":"Regulations relative to risk retention group.","body":"18. a. A risk retention group shall not be either a sponsor or participant in a sponsored captive insurance company.\nb.\tAn association, corporation, limited liability company, partnership, trust or any another business entity may be a participant in any sponsored captive insurance company formed or licensed under this act.\nc.\tA sponsor may be a participant in a sponsored captive insurance company.\nd.\tA participant need not be a shareholder of a sponsored captive insurance company or any affiliate of a sponsored captive insurance company.\ne.\tA participant shall insure only its own risks through a sponsored captive insurance company.\nL.2011, c.25, s.18.","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":"902b8c437e528e524871304c81f4d0d65308a1e726a87e9598a838243abcfa26","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-47b-17","next":"us-nj/n.j.-stat.-17-47b-19"},"notice":"GroundRules: Original legal text. Not legal advice."}