Authorities said the crash happened in a wooded area of Hamilton Township, about five miles west of the airport and near the Atlantic City Expressway.
The South Jersey Transportation Authority on Wednesday approved the $500,000 a year payment under the 15-year agreement, which takes effect on July 1.
Sgt. Brian Polite said one passenger was being treated for a minor hip injury, while the rest suffered bumps and bruises and were taken to hospitals as a precaution.
Atlantic County Prosecutor Ted Housel said the remains were collected by the county medical examiner’s office and will be sent to forensic anthropologists for further examination and testing.
State lawmakers in both the Assembly and Senate are proposing legislation that would require health firms gain approval from New Jersey’s Department of Banking and Insurance before raising rates.