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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