New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 20 - INDIVIDUAL HEALTH COVERAGE PROGRAM
Subchapter 7 - LOSS RATIO AND REFUND REPORTING REQUIREMENTS
Section 11:20-7.2 - Definitions
Universal Citation: NJ Admin Code 11:20-7.2
Current through Register Vol. 56, No. 24, December 18, 2024
Words and terms, when used in this subchapter, shall have the meanings defined by the Act, 11:20-1.2, or as further defined below, unless the context clearly indicates otherwise.
"Claims paid" means a dollar amount determined in accordance with statutory annual statement reporting, adjusted as required by this subchapter.
"Preceding calendar year" means the calendar year immediately preceding the reporting year.
"Reporting year" means the year in which the loss ratio report is required to be filed with the Board.
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