N.J. Admin. Code § 12:18-2.31

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

Section 12:18-2.31 - Reports by insurance companies

(a) For the six month periods ending June 30 and December 31 of each calendar year, each insurance company which has assumed the liability to pay the disability benefits required under one or more private plans shall, on a form prescribed by the Division, file a report, 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 disability benefits paid during the six month period;

(b) On or before the 30th day of June following the close of each calendar year, each insurance company which has assumed the liability to pay the disability benefits required under one or more private plans shall, on a form prescribed by the Division, file a report showing:

1. Premiums earned during that year with respect to such private plans;

2. Dividends to holders of policies providing the benefits of such private plans;

3. Benefit losses incurred under such private plans;

4. Expenses incurred with respect to such private plans; and

5. The number of employees covered by each plan as of December 31.

N.J. Admin. Code § 12:18-2.31

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 "report" 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 5.