New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 21 - SMALL EMPLOYER HEALTH BENEFITS PROGRAM
Subchapter 11 - NONSTANDARD HEALTH BENEFITS PLANS FILINGS WITH THE COMMISSIONER: REQUIREMENTS FOR MAINTAINING NONSTANDARD PLANS
Section 11:21-11.5 - Closed books of business
Universal Citation: NJ Admin Code 11:21-11.5
Current through Register Vol. 56, No. 6, March 18, 2024
(a) A carrier seeking approval to treat a nonstandard health benefits plan as a closed nonstandard health benefits plan shall specify that on the Checklist and Certification required to be filed for that nonstandard health benefits plan pursuant to 11:21-11.4.
(b) Notwithstanding that a nonstandard health benefits plan may meet the definition of a closed nonstandard health benefits plan, if the carrier does not specify that the nonstandard health benefits plan is closed as set forth in (a) above, the carrier shall not treat the nonstandard health benefits plan as a closed nonstandard health benefits plan at any time in the future.
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