A properly executed contributory insurance withdrawal application must be in the possession of the Division before termination of the contributory coverage can be effected. Such withdrawal application cannot be retroactive and the contributory insurance will not be reinstated under the membership account number in which the cancellation was exercised.
N.J. Admin. Code § 17:2-3.7
See: 18 N.J.R. 2391(c).
Amended by R.2010 d.149, effective 7/19/2010.
See: 41 N.J.R. 4667(a), 42 N.J.R. 1612(b).
Substituted "Division" for "Retirement System", and inserted "and the contributory insurance will not be reinstated under the membership account number in which the cancellation was exercised".