New Jersey Statutes

§ 17B:32B-3 — Definitions relative to certain insolvent health maintenance organizations.

New Jersey·Title 17B INSURANCE
3.As used in this act: "Association" means the New Jersey Insolvent Health Maintenance Organization Assistance Association created by section 5 of this act. "Commissioner" means the Commissioner of Banking and Insurance. "Contractual obligation" means an obligation, arising from an agreement, policy, certificate or evidence of coverage, to a covered individual or provider incurred prior to the declaration of insolvency of a covered health maintenance organization that remains unpaid at the time of its insolvency, but does not include claims by former employees, including medical professional employees for deferred compensation, severance, vacation or other employment benefits. "Covered health maintenance organization contract" means a policy, certificate, evidence of coverage or contract

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