A properly executed contributory insurance withdrawal application must be in the possession of the Fund 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 § 17:3-3.7
See: 34 N.J.R. 1997(a), 34 N.J.R. 3782(c).
Substituted "the contributory coverage" for "contributory insurance". Former N.J.A.C. 17:3-3.7, Survivor benefits, recodified to N.J.A.C. 17:3-3.6.
Amended by R.2008 d.94, effective 4/21/2008.
See: 39 N.J.R. 5058(b), 40 N.J.R. 2122(a).
Inserted "and the contributory insurance will not be reinstated under the membership account number in which the cancellation was exercised".