N.J. Admin. Code § 17:2-3.8

Current through Register Vol. 56, No. 11, June 3, 2024

Section 17:2-3.8 - Withdrawal and return; contributory insurance

(a) Withdrawal from contributory insurance coverage shall apply only to the membership account under which the cancellation was exercised. Any person who has canceled his or her contributory insurance coverage and withdraws from membership in the System shall, upon his or her subsequent reenrollment in the System, be subject to the provisions of 17:2-3.1.

(b) If a member is covered by group life insurance during employment, the coverage shall cease 31 days subsequent to the member's termination date from employment, regardless of the cause of termination. A member may convert the life insurance at the member's expense as set forth in 15A-93. The converted individual policy will not take effect until the expiration of the group life insurance policy at the conclusion of the 31-day grace period.

N.J. Admin. Code § 17:2-3.8

Amended by 50 N.J.R. 646(a), effective 1/16/2018

Administrative Change, 50 N.J.R. 2341(a).