N.J. Admin. Code § 11:4-34.19

Current through Register Vol. 56, No. 24, December 18, 2024

Section 11:4-34.19 - Filing requirement

(a) Prior to a carrier offering or placing in force group long-term care insurance coverage to or on a resident of this State under a group policy issued in another state pursuant to N.J.S.A. 17B:27E-5b, it shall file with the Commissioner evidence that the group policy or certificate thereunder has been approved by a state having statutory or regulatory long-term care insurance requirements substantially similar to those adopted in this State.

(b) The carrier shall also file with the Commissioner evidence that a state having statutory or regulatory long-term care insurance requirements similar to those adopted in this State has made a determination that the group may be insured for group long-term care insurance in accordance with sound underwriting principles.