{"data":{"id":"us-nj/n.j.-stat.-40a-10-40","jurisdiction":"us-nj","citation":"N.J. Stat. § 40A:10-40","heading":"Plan of risk management","body":"The commissioners shall prepare, or cause to be prepared, a plan of risk management for the joint insurance fund.  The plan shall include, but not be limited to:\na.  The perils or liability to be insured against;\nb.  Limits of coverage, whether self-insurance, direct insurance purchased from a commercial carrier, or reinsurance;\nc.  The amount of risk to be retained by the fund;\nd.  The amount of reserves to be established;\ne.  The proposed method of assessing contributions to be paid by each member  of the fund;\nf.  Procedures governing loss adjustment and legal fees;\ng.  Coverage to be purchased from a commercial insurer, if any;\nh.  Reinsurance to be purchased, if any, and the amount of premium therefor;\ni.  Such other procedures and information as the Commissioner of Insurance may require by rule or regulation.\nL.1983, c. 372, s. 5, eff. Oct. 28, 1983.","path":["TITLE 40A MUNICIPALITIES AND COUNTIES"],"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":"7a6e5ec49257527b3b0a4756b5732d72f3c65a95dd684d7dff8234a73b5183bf","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-40a-10-39","next":"us-nj/n.j.-stat.-40a-10-40.1"},"notice":"GroundRules: Original legal text. Not legal advice."}