N.J. Admin. Code § 12:18-2.30

Current through Register Vol. 56, No. 21, November 4, 2024

Section 12:18-2.30 - Reports by unions and other benefit payers

(a) For the six month periods ending June 30 and December 31 of each calendar year, each union, association of employees, nominee, trustee or organization which has assumed the liability to pay the disability benefits required under one or more private plans (which benefits are not guaranteed by a contract of insurance of an insurer duly authorized and admitted to do business in this State) shall, on a form prescribed by the Division, file a statement, on or before the 30th day following the end of the respective six month period, showing:

1. The number of claims received during the six month period;

2. The number of claims accepted during the six month period;

3. The amount of benefits paid during the six month period;

4. Such other information as the Division may require with respect to the financial ability of the union, association or employees, nominee, trustee or organization to meet their obligations under the plan.

(b) On or before the 30th day following the close of each calendar year, each union, association of employees, nominee, trustee or organization which has assumed the liability to pay the disability benefits required under one or more private plans (which benefits are not guaranteed by a contract of insurance of an insurer duly authorized and admitted to do business in this State) shall, on a form prescribed by the Division, file a report showing:

1. The amount of funds available at the beginning of that year for payment of disability benefits;

2. The amount of contributions for such disability benefits made during that year by the employer or employers whose private plan or plans provide for the payment of such disability benefits out of such funds;

3. The amount, if any, of contributions made, during that year, for such disability benefits, by workers covered under such private plan or plans;

4. The amount of such disability benefits paid, during that year, to workers covered under such private plan or plans;

5. Direct costs of administration, during that year, of such private plan or plans, expended from such funds; and

6. The number of employees covered by the plan as of December 31.

N.J. Admin. Code § 12:18-2.30

Amended by R.1998 d.157, effective 4/6/1998.
See: 30 New Jersey Register 12(a), 30 New Jersey Register 1288(a).
In (a), substituted "For the six month periods ending June 30 and December 31 of each calendar year," for "On or before the 30th day following the close of each calendar quarter" at the beginning and inserted ", on or before the 30th day following the end of the respective six month period," following "statement" in the introductory paragraph, and substituted references to the six month period for references to the quarter in 1 through 3; and in (b), added 6.