N.J. Admin. Code § 7:1I-6.1

Current through Register Vol. 56, No. 21, November 4, 2024

Section 7:1I-6.1 - Payment of claim

(a) Except as provided in (b) below, the Department shall make claim payments in a single lump sum payment.

(b) The Department may bifurcate multiple damages filed in a single claim and make payments separately thereon.

(c) In the event that the total amount of claims awarded exceeds the current balance of the Fund, each award shall be paid, without interest, on a prorated basis over time until the awards are paid in full. Claims initially paid on a prorated basis will be satisfied in full before any payments are made on new claims.

N.J. Admin. Code § 7:1I-6.1