17:48F-10 - Prepaid prescription service organization deemed domestic insurer
17:48F-10 Prepaid prescription service organization deemed domestic insurer.
10. a. A prepaid prescription service organization which is organized under the laws of this State shall be deemed to be a domestic insurer for the purposes of P.L.1970, c.22 (C.17:27A-1 et seq.).
b.An organization shall be subject to the provisions of N.J.S.17B:30-1 et seq.
c.The capital, surplus and other funds of an organization shall be invested in accordance with the provisions of N.J.S.17B:20-1 et seq. and guidelines established by the commissioner by regulation.
L.1997,c.380,s.10.