New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 21 - SMALL EMPLOYER HEALTH BENEFITS PROGRAM
Subchapter 10 - THE MARKET SHARE REPORT
Section 11:21-10.4 - Net earned premium
Universal Citation: NJ Admin Code 11:21-10.4
Current through Register Vol. 56, No. 18, September 16, 2024
(a) Every member's net earned premium for the preceding calendar year ending December 31 shall be set forth in Part C of the Market Share Report.
1. Net earned premium set forth in Part C of
the Market Share Report shall include net earned premium resulting from health
benefits plans issued, continued or renewed during the preceding calendar year
for one or more small employers, less any refunds paid by the carrier during
that calendar year as a result of the application of the minimum loss ratio
requirement.
2. Net earned premium
reported in Part C of the Market Share Report shall be based upon, if not the
same as, the data set forth in the member's annual NAIC statement blank,
adjusted to meet the definition of group health benefits plan and exclude
refunds as described in (a)1 above, as necessary.
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