New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 20 - INDIVIDUAL HEALTH COVERAGE PROGRAM
Subchapter 24 - PROGRAM COMPLIANCE
Section 11:20-24.3 - Payment of premium
Universal Citation: NJ Admin Code 11:20-24.3
Current through Register Vol. 56, No. 24, December 18, 2024
(a) A carrier may offer a credit card or debit card payment option or an automatic checking withdrawal option to individuals for the monthly or quarterly payment of premiums. In the event that a carrier elects to offer an automatic checking withdrawal option, the carrier shall offer the same option to all individuals.
(b) A carrier may offer a discount to individuals that pay premium on a quarterly basis.
(c) A carrier shall accept payment in the form of a check, a money order, a cashier's check, or cash.
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