N.J. Admin. Code § 11:21-15.2 - Definitions
Current through Register Vol. 54, No. 7, April 4, 2022
"Applicant" means the member seeking a deferral of its obligation to pay assessments or a waiver of its obligation to offer coverage and accept applications pursuant to 17B:27A-17 et seq.
"Financially impaired" means a member which, after November 5, 1993, is not insolvent, but is deemed by the Commissioner to be potentially unable to fulfill its contractual obligations, or a member which is placed under an order of rehabilitation or conservation by a court of competent jurisdiction.
"Relief" means a deferral of obligations pursuant to 17B:27A-38 or a waiver of obligations pursuant to 17B:27A-26, as applicable.
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