17B:27A-25.3. Small Employer Purchasing Alliance, formation 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. L.2001,c.225,s.3.
New Jersey Legal Code