N.J. Admin. Code § 11:21-2.7 - Executive Director selection and duties
(a) The
Executive Director shall be selected by the Board.
(b) The Executive Director shall perform the
administrative functions required under the Act and the Plan. The Executive
Director is responsible, along with the Board, for the fair, equitable and
reasonable administration of the Program.
(c) The Executive Director shall perform all
administrative functions developed by the Board including the following:
1. Preparing and submitting an annual report
to the Board and the Commissioner no later than September 1;
2. Establishing the procedures and installing
the systems needed to properly administer the operations of the
Program;
3. Establishing with Board
approval, one or more depository accounts for the transaction of Program
business;
4. Collecting assessments
due to the Program on a timely basis;
5. Depositing all moneys collected on behalf
of the Program on a timely basis in the State Treasury in an account
established for that purpose;
6.
Issuing checks or drafts on and/or approving charges against bank accounts of
the Program;
7. Keeping all
accounting, administrative and financial records of the Program;
8. Acting as a resource for carriers in
complying with the Program;
9.
Calculating all assessments in accordance with the methodology approved by the
Board; notifying members of amounts due; tracking the amount of assessments in
dispute or subject to deferral request; coordinating with the Department and
other appropriate parties, including State agencies, regarding fiscal
administrative matters;
10.
Preparing an annual estimate of the operating and administrative expenses of
the Program; and
11. Performing
other functions as agreed between the Board and the Executive
Director.
(d) The
Executive Director shall maintain calendar year records of premiums,
reimbursements, and fiscal year operating and administrative expenses of the
Program and shall retain these records for a period of seven years following
the end of such calendar year or as otherwise required pursuant to N.J.S.A.
47:3-15et seq.
(e) The Board may
select, and establish compensation for, such other staff as may be necessary
for the administration of the Program.
Notes
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