Hospital Self-Insurance Rule Readopted for Seven Years

The state Department of Banking and Insurance has readopted rules on hospital workers’ compensation group self-insurance. The rules at N.J.A.C. 11:15 were scheduled to expire July 2 but have been extended for seven years. Subchapter 1 was promulgated to implement N.J.S.A. 34:15-77, which authorizes 10 or more hospitals licensed in New Jersey to pool their workers’ compensation liabilities through the formation of a self-insurance group or pool. Subchapters 2 and 3 authorize two or more local units of government to form a joint insurance fund for the purpose of insuring agai...