N.J. Admin. Code § 17:3-3.8
Current through Register Vol. 56, No. 23, December 2, 2024
Section 17:3-3.8 - Withdrawal and return, contributory insurance, and conversion(a) Withdrawal from contributory insurance coverage shall apply only to the membership account under which the cancellation was exercised. Any person who has canceled contributory insurance coverage and withdraws from membership in the Fund, shall, upon subsequent re-enrollment in the Fund, be subject to the provisions of 17:3-3.1.(b) If a member is covered by group life insurance during employment, the coverage ceases 31 days subsequent to the member's termination date from employment, regardless of the cause of termination. A member can convert the life insurance at the member's expense as set forth in N.J.S.A. 18A:66-179. 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 § 17:3-3.8
Amended by 47 N.J.R. 2876(a), effective 11/16/2015Amended by 50 N.J.R. 1968(b), effective 9/4/2018