New Jersey Statutes Title 17B. Insurance 17B § 27A-25.3

Any eligible group of small employers may join together, by means of a joint contract under the procedures established by this act, to form a “Small Employer Purchasing Alliance” for the purpose of negotiating a reduced premium for its members purchasing a small employer health benefits plan or plans for their eligible employees and the employees' dependents. The joint contract shall be executed by all members of the purchasing alliance.