MCMJIF Bylaws
MIDDLESEX COUNTY MUNICIPAL JOINT INSURANCE FUND
WHEREAS; Public Law 1983, c. 372 (N.J.S.A. 40A:10-36 et seq) permits local units to join together to form a joint insurance fund; and
WHEREAS; Said statute was designed to give local units an opportunity to use alternative risk management techniques, providing they are based on sound actuarial principles; and
NOW THEREFORE, in consideration of the premises and in order to create said fund to be known as the Middlesex County Municipal Joint Insurance Fund, hereinafter called the "Fund", it is mutually understood and agreed as follows that it is the purpose and intent of these bylaws to incorporate the statutory responsibilities and requirements governing joint insurance funds, and to the extent that there is a statutory or regulatory requirement not specifically set forth in these bylaws, it is the intent of these bylaws to incorporate by reference in these bylaws the requirements set forth in N.J.S.A. 40A:10-36 et seq and N.J.A.C. 11:15-2.1 et seq, as same may be amended from time to time.
The following public entities agreed to form said joint insurance fund effective August 6, 1986:
| 1. Borough of Highland Park 221 So Fifth Street Highland Park, NJ 08904 |
2.City of New Brunswick 78 Bayard Street New Brunswick, NJ 08903 |
| 3. Twp of North Brunswick 710 Hermann Road One North Brunswick, NJ 08902 |
4. Twp of Old Bridge Old Bridge Plaza Old Bridge, NJ 08857 |
| 5. Twp of Plainsboro 641 Plainsboro Road Plainsboro, NJ 08536 |
6. City of South Amboy 140 No Broadway South Amboy, NJ 08879 |
|
7. Twp of South Brunswick |
8. Borough of Spotswood 77 Summerhill Road. Spotswood, NJ 08884 |
WHEREAS; Revisions to said statute and the regulations promulgated by the Department pursuant thereto require the Fund to revise its existing bylaws.
