N.J. Stat. § 34:15-120.15

Current through L. 2024, c. 62.

Section 34:15-120.15 - Definitions

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.

N.J.S. § 34:15-120.15

L.1993, c.107, s.1.