N.J. Admin. Code § 11:21-10.4

Current through Register Vol. 56, No. 24, December 18, 2024

Section 11:21-10.4 - Net earned premium

(a) Every member's net earned premium for the preceding calendar year ending December 31 shall be set forth in Part C of the Market Share Report.

1. Net earned premium set forth in Part C of the Market Share Report shall include net earned premium resulting from health benefits plans issued, continued or renewed during the preceding calendar year for one or more small employers, less any refunds paid by the carrier during that calendar year as a result of the application of the minimum loss ratio requirement.

2. Net earned premium reported in Part C of the Market Share Report shall be based upon, if not the same as, the data set forth in the member's annual NAIC statement blank, adjusted to meet the definition of group health benefits plan and exclude refunds as described in (a)1 above, as necessary.

N.J. Admin. Code § 11:21-10.4

Amended by R.1998 d.512, effective 9/25/1998.
See: 30 New Jersey Register 2815(a), 30 New Jersey Register 3840(a).
Rewrote (a)2.
Amended by R.2004 d.107, effective 3/15/2004.
See: 35 New Jersey Register 5011(a), 36 New Jersey Register 1594(a).
Rewrote the section.