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.

L.2001,c.225,s.6.

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