New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 20 - INDIVIDUAL HEALTH COVERAGE PROGRAM
Subchapter 18 - WITHDRAWALS OF CARRIERS FROM THE INDIVIDUAL MARKET AND THE WITHDRAWAL OF PLAN, PLAN OPTION, OR DEDUCTIBLE/COPAYMENT OPTION
Section 11:20-18.8 - Election to offer at least three plans, effect on in force-plans
Universal Citation: NJ Admin Code 11:20-18.8
Current through Register Vol. 56, No. 24, December 18, 2024
(a) A carrier issuing all of the standard individual plans in the IHC market on and before January 4, 2009 that elects to offer at least three but not all of the standard individual plans after January 4, 2009, as permitted by N.J.S.A. 17B:27A-4b, that has in-force business in the plan or plans that it elects to no longer offer may:
1. Withdraw the plan or plans it
elects to no longer offer pursuant to
N.J.A.C. 11:20-18.6;
2. Convert the in-force business in the plan
or plans it no longer offers pursuant to
N.J.A.C.
11:20-24.7; or
3. Make a one-time election to continue to
renew the in-force business in the plan or plans it chooses to no longer offer;
provided:
i. The carrier notifies the
Department in writing on or before March 1, 2009 of the plan or plans for which
it will renew in-force business but which it will no longer offer;
and
ii. The carrier does not
withdraw such plan or plans pursuant to
N.J.A.C. 11:20-18.6 until such time as the
rate cap for in-force individual business established at N.J.S.A. 17B:27A-3a
expires.
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