New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 24B - ORGANIZED DELIVERY SYSTEMS
Subchapter 4 - MANAGEMENT AGREEMENTS WITH CARRIERS
Section 11:24B-4.12 - Review and approval of management agreements
Current through Register Vol. 56, No. 24, December 18, 2024
(a) Management agreements submitted with the initial application for certification or an application for licensing shall be subject to the standards for submission, review and approval as set forth at N.J.A.C. 11:24B-2.
(b) Amendments to forms of management agreements shall be submitted to the Department for review and approval no less than 60 days prior to the date that the ODS intends to use any amendment.
(c) The Department shall approve or disapprove the management agreement form within 60 days of the date of receipt of the form, unless the Department extends its review period for an additional 30 days by notifying the ODS in writing of the extension.
(d) If the Department disapproves an amendment to a management agreement, the Department shall notify the ODS in writing, specifying the reasons for the disapproval.
(e) Failure of an ODS to respond to the Department's questions regarding a management agreement within 20 business days of the date of the Department's written inquiry will result in the Department suspending any further action on the submission, and the time period for approval or deemed approval being tolled.
(f) An ODS may reactivate review of a file determined by the Department to be inactive at any time by submitting a statement in writing that it desires the submission to be reactivated, and in the same written notice, responding to the Department's written inquiry issued prior to the review of the submission being suspended.