New Jersey § 43:15C-15 Credit offered to policyholder by insurance company; additional coverage; health care coverage.

New Jersey Statutes

§ 43:15C-15 — Credit offered to policyholder by insurance company; additional coverage; health care coverage.

New Jersey § 43:15C-15

Title 43PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION

This text of New Jersey § 43:15C-15 (Credit offered to policyholder by insurance company; additional coverage; health care coverage.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 43:15C-15 (2026).

Text

15.Notwithstanding any other provision of law, an insurance company or companies issuing such policy or policies may credit the policyholder either directly or in the form of reduced premiums, with savings by the company or companies in the event that no brokerage commission or commissions are paid by the company or companies on the issuance of such policy or policies. No employer obligations shall be paid when the participant is on a leave of absence without pay or when the participant no longer is enrolled in the retirement program. The group disability insurance policy or policies shall provide a participant with an opportunity to purchase additional coverage. A participant who is disabled and receiving a benefit shall remain eligible for employer-provided healthcare benefits coverage

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15. Notwithstanding any other provision of law, an insurance company or companies issuing such policy or policies may credit the policyholder either directly or in the form of reduced premiums, with savings by the company or companies in the event that no brokerage commission or commissions are paid by the company or companies on the issuance of such policy or policies. No employer obligations shall be paid when the participant is on a leave of absence without pay or when the participant no longer is enrolled in the retirement program. The group disability insurance policy or policies shall provide a participant with an opportunity to purchase additional coverage. A participant who is disabled and receiving a benefit shall remain eligible for employer-provided healthcare benefits coverage in the same manner as such coverage is provided by the employer to retirees of the retirement system. L.2007, c.92, s.15.