2017 New Jersey Revised Statutes
TITLE 17B - INSURANCE
Section 17B:27A-25.6 - Further authority of alliance
17B:27A-25.6. Further authority of alliance
6. In addition to the powers authorized under this act, a purchasing alliance shall have the authority to:
a. Set reasonable fees for membership in the alliance that will finance reasonable and necessary costs incurred in administering the purchasing alliance;
b. Negotiate premium rates with carriers on behalf of the members of the alliance; and
c. Contract with third parties for any services necessary to carry out the powers and duties authorized or required pursuant to this act.