2009 New Jersey Code
34:15-77.7 - Denial of application or revocation of consent

34:15-77.7.  Denial of application or revocation of consent
    The commissioner shall have the authority to deny the application of any group of self-insurers to pay such benefits, or to revoke his consent for any group continuing to pay for good cause shown, including, but not limited to:

    a.  Failure to comply with regulations adopted by the commissioner or with any provisions of this act;

    b.  Failure to comply with a lawful order of the commissioner;

     c.  Deterioration of financial condition to such an extent that such deterioration would have an adverse affect on the ability of the self-insurance  group to pay expected losses.

     L.1983, c. 376, s. 8, eff. Nov. 10, 1983.

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