40A:10-48 - Joint insurance fund not insurance company or insurer and activities not transaction of insurance nor doing insurance business; inapplicability of insurance laws
40A:10-48.Ā Joint insurance fund not insurance company or insurer and activities not transaction of insurance nor doing insurance business; inapplicability of insurance laws
A joint insurance fund established pursuant to the provisions of this act isĀ not an insurance company or an insurer under the laws of this State, and theĀ authorized activities of the fund do not constitute the transaction of insurance nor doing an insurance business.Ā A fund established pursuant to thisĀ act shall not be subject to the provisions of Subtitle 3 of Title 17 of theĀ Revised Statutes.
L.1983, c. 372, s. 13, eff. Oct. 28, 1983.
A joint insurance fund established pursuant to the provisions of this act isĀ not an insurance company or an insurer under the laws of this State, and theĀ authorized activities of the fund do not constitute the transaction of insurance nor doing an insurance business.Ā A fund established pursuant to thisĀ act shall not be subject to the provisions of Subtitle 3 of Title 17 of theĀ Revised Statutes.
L.1983, c. 372, s. 13, eff. Oct. 28, 1983.