DOBI Proposes Regs on College Risk Pools

The New Jersey Department of Banking and Insurance (DOBI) has posted proposed regulations to implement 2010 legislation allowing the creation of risk-management groups by state colleges.Insurance Commissioner Thomas F. Considine said in a rules notice posted in the New Jersey Register on August 1 that N.J.A.C. 11:15-7 will establish rules similar to those imposed for school districts seeking to combine into groups for the purpose of providing workers' compensation, property damage and liability insurance.Considine said in the regulatory notice that the purpose of the regulations is to allo...