MUNICIPAL EXCESS LIABILITY JOINT INSURANCE FUND

NOTICE

In accordance with the bylaws of the Municipal Excess Liability Joint Insurance Fund and state statutes governing municipal self-insurance, below a proposed amendment to the Fund’s Bylaws which was introduced at the meeting held on March 21, 2025 and will be presented for approval at the Public Hearing on Wednesday, June 9, 2025 at 10:30 am at the Forsgate Country Club, 375 Forsgate Drive, Monroe, NJ. As required by the Bylaws, a copy of the proposed amendment has been sent to Fund Commissioners, along with notice of the hearing date.

Proposed Bylaw Amendment

(Note: Underlined text is the amendment)

1. The Article III, Organization subsection 3d shall be amended to read as follows: “No individual, partnership or corporation retained by the Fund to act as a producer to secure excess or reinsurance for the Fund, including its employees, officers or directors shall have either a direct or indirect financial interest in the administrator of the Fund unless notice of such interest has been provided to the fund commissioners and members.
2.  Article III, Organization subsection 3e shall be amended to read as follows: “No administrator of the Fund, or its employees, officers or directors shall have either a direct or indirect financial interest in any individual, partnership or corporation retained by the Fund to act as a producer to secure excess or reinsurance for the Fund unless notice of such interest has been provided to the fund commissioners and members.

NJ MEL 2025-2026 Meeting Schedule