New Jersey Statutes Title 17. Corporations and Institutions for Finance and Insurance 17 § 30A-2.2

a. It is in the public interest to authorize the transfer and consolidation of compatible operations of “the workers' compensation security fund” to the New Jersey Property-Liability Insurance Guaranty Association.

b. Following the transfer to the New Jersey Property-Liability Insurance Guaranty Association of its respective management, administrative and claim functions, “the workers' compensation security fund” shall continue to exist as a separate legal entity subject to the provisions of P.L.2009, c. 327 (C.34:15-105.1).

c. The New Jersey Property-Liability Insurance Guaranty Association will administer the obligations of “the workers' compensation security fund” pursuant to R.S.34:15-105 et seq., and take over all governance, administrative and financial functions of “the workers' compensation security fund,” including the claim payment function.

d. The New Jersey Property-Liability Insurance Guaranty Association is formally designated as the servicing facility for several statutory entities for which it currently provides administrative services and also for “the workers' compensation security fund.”