{"data":{"id":"us-nj/n.j.-stat.-17b-27c-9","jurisdiction":"us-nj","citation":"N.J. Stat. § 17B:27C-9","heading":"Examination of loss reserves.","body":"9. a. The commissioner may, upon reasonable notice, conduct an examination of the loss reserves of a self-funded multiple employer welfare arrangement as often as the commissioner in his discretion may deem necessary. The expenses of the examination shall be paid by the self-funded multiple employer welfare arrangement so examined.  The commissioner shall also annually review the RBC report of the self-funded multiple employer welfare arrangement.\nb.\tIf the commissioner finds that the reserves are inadequate, he shall notify the self-funded multiple employer welfare arrangement of the inadequacy.  Capital and surplus shall be automatically considered inadequate if they do not meet or exceed the following:  (1) for the calendar year ending December 31, 2002, 80 percent of the regulatory action level RBC determined in accordance with the RBC instructions; (2) for the calendar year ending December 31, 2003, 90 percent of the regulatory action level RBC determined in accordance with the RBC instructions; (3) for the calendar year ending December 31, 2004, 95 percent of the regulatory action level RBC determined in accordance with the RBC instructions; and (4) for the calendar years ending on or after December 31, 2005, the regulatory action level RBC determined in accordance with the RBC instructions. Within 30 days the self-funded multiple employer welfare arrangement shall file and implement a plan to correct the inadequacy.  The inadequacy shall be corrected within 90 days of the implementation of the plan to correct the inadequacy.\nL.2001,c.352,s.9.","path":["TITLE 17B 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":"2755484075ce9230e98551158eaf49dbab39b53b0574da0c7dc6de158c858405","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17b-27c-8","next":"us-nj/n.j.-stat.-17b-27c-10"},"notice":"GroundRules: Original legal text. Not legal advice."}