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Current as of January 01, 2024 | Updated by Findlaw Staff
As used in this act:
a. “Association” means the New Jersey Medical Malpractice Reinsurance Association established pursuant to the provisions of this act.
b. “Commissioner” means the Commissioner of Banking and Insurance.
c. “Licensed medical practitioner” means and includes all persons licensed in this State to practice medicine and surgery, chiropractic, podiatric medicine, dentistry, optometry, psychology, pharmacy, nursing, physical therapy and as a bioanalytical laboratory director.
d. “Medical malpractice liability insurance” means insurance coverage against the legal liability of the insured and against loss, damage or expense incident to a claim arising out of the death or injury of any person as the result of negligence or malpractice in rendering professional service by any licensed medical practitioner or health care facility or a claim arising out of ownership, operation or maintenance of the practitioner’s or facility’s business premises, including primary and excess coverages.
e. “Health care facility” means and includes all hospitals within this State, and any other health care facility as defined in the “Health Care Facilities Planning Act.” P.L.1971, c. 136 (C.26:2H-1 et seq.).
f. “Plan of operation” means the plan of operation of the association approved by the commissioner pursuant to the provisions of this act.
g. “Net direct premium written” means direct written personal injury liability and property damage liability insurance as provided in R.S.17:17-1 d. and e., excluding workmen’s compensation and employer’s liability insurance written in connection therewith, less policyholder dividends and return premiums for the unused or unabsorbed portion of premium deposits and excluding premiums ceded to or written by the association.
h. “Provider” means an insurer admitted and licensed in this State to write general liability insurance which has been qualified by the board of directors of the association and has not been disqualified by the commissioner.
Cite this article: FindLaw.com - New Jersey Statutes Title 17. Corporations and Institutions for Finance and Insurance 17 § 30D-3 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-17-corporations-and-institutions-for-finance-and-insurance/nj-st-sect-17-30d-3/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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