34:15-120.15. Definitions
1. As used in this act:
"Association" means the New Jersey Self-Insurers Guaranty Association created in subsection a. of section 2 of this act.
"Board of directors" or "board" means the board of directors of the association established under section 3 of this act.
"Commissioner" means the Commissioner of Insurance.
"Department" means the Department of Insurance.
"Fund" means the Insolvency Fund created pursuant to section 5 of this act.
"Injured worker" or "employee" means an employee of an employer or a dependent of the employee to whom the employer is obligated to pay compensation pursuant to chapter 15 of Title 34 of the Revised Statutes.
"Insolvent member" means a member employer: (1) (a) which files for relief in bankruptcy under Title 11 of the United States Code, 11 U.S.C. s.101 et seq.; (b) against which involuntary bankruptcy proceedings are filed under that title; or (c) for which a receiver has been appointed by a court of competent jurisdiction; and (2) which is determined to be insolvent by the board as provided in its plan of operation, based upon the member employer's ability to pay compensation pursuant to R.S.34:15-77.
"Member employer" or "member" means a self-insurer which is a member of the association.
"Self-insurer" means an employer, other than a governmental entity, which self-insures for the purposes of workers' compensation as permitted by R.S.34:15-77.
L.1993,c.107,s.1.
Section: Previous 34-15-120.8 34-15-120.9 34-15-120.10 34-15-120.11 34-15-120.12 34-15-120.13 34-15-120.14 34-15-120.15 34-15-120.16 34-15-120.17 34-15-120.18 34-15-120.19 34-15-120.20 34-15-120.21 34-15-120.22 Next
Last modified: October 11, 2016