New Jersey Life and Health Insurance Guaranty Association Act, N.J.S.A. 17B:32A-1 through 17B:32A-19

What this document is

New Jersey Life and Health Insurance Guaranty Association Act, N.J.S.A. 17B:32A-1 through 17B:32A-19 is a state statute published by pub.njleg.gov. It is one of the New Jersey documents that insurance license exam questions are written from, including new jersey life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• N.J.S.A. tit. 17B § 17B:32A-7(c) (Powers of the association; insolvent insurer)

  “If a member insurer is an insolvent insurer, the association shall, in its discretion, either: (1) (a) guaranty, assume, reissue, or reinsure, or cause to be guaranteed, assumed, reissued, or reinsured, the policies or contracts of the insolvent insurer; or (b) assure payment of the contractual...”

• N.J.S.A. tit. 17B § 17B:32A-17(a) (Association shall not be used to promote insurance sales)

  “No person, including a member insurer, agent or affiliate of a member insurer or insurance producer shall make, publish, disseminate, circulate or place before the public or cause directly or indirectly, to be made, published, disseminated, circulated or placed before the public, in any newspaper,...”

• N.J.S.A. tit. 17B § 17B:32A-3(a)(5) (Provision of coverage; persons not covered)

  “(5) P.L.1991, c.208 (C.17B:32A-1 et seq.) shall not provide coverage to a person: (a) who is a payee (or beneficiary) of a contract owner resident of this State, if the payee (or beneficiary) is afforded any coverage by the association of another state; (b) covered under paragraph (3) of this...”

• N.J.S.A. tit. 17B § 17B:32A-7(d)(4) (Substitute coverage; alternative or reissued policies)

  “(4) (a) In providing the substitute coverage required by paragraph (3), the association may offer either to reissue the terminated coverage or to issue an alternative policy or contract at actuarially justified rates. (b) Alternative or reissued policies or contracts shall be offered without...”

• N.J.S.A. tit. 17B § 17B:32A-17(b) (Summary document; delivery to policy or contract owner)

  “Sixty days after receiving that approval, no member insurer may deliver a policy or contract described in subsection b. of section 3 of P.L.1991, c.208 (C.17B:32A-3) to a policy or contract owner, certificate holder, or enrollee unless the document is delivered to the policy or contract owner,...”

• N.J.S.A. 17B:32A-3(f) (New Jersey Life and Health Insurance Guaranty Association Act, N.J.S.A. 17B:32A-1 through 17B:32A-19)

  “A provider of health care services, in order to receive payment directly from the association upon a claim of the provider against an insured or enrollee, shall agree to forgive the insured of 20% of the obligation which would otherwise be paid by the member insurer had it not been insolvent. The...”

• N.J.S.A. 17B:32A-7(f) (New Jersey Life and Health Insurance Guaranty Association Act, N.J.S.A. 17B:32A-1 through 17B:32A-19)

  “Nonpayment of premiums within 31 days after the date required, after effective notice shall have been given of the terms of any guaranteed, assumed, alternative or reissued policy or contract or substitute coverage, shall terminate the association's obligations under that policy, contract or...”

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More New Jersey sources

• N.J.S.A. 17:29B-4: Unfair methods of competition and deceptive acts definedState statute
• N.J.S.A. Title 17 Chapter 1 - Department of Banking and Insurance; the Commissioner's powers (17:1-1 through 17:1-28, 23 sections)State statute
• N.J.S.A. Title 17 Chapter 16C - Retail Installment Sales Act (17:16C-1 through 17:16C-103, 125 sections)State statute
• N.J.S.A. Title 17 Chapter 1C - Department expenses, apportionment and assessment (17:1C-6.1 through 17:1C-48, 32 sections)State statute
• N.J.S.A. Title 17 Chapter 28 - Insurance policy provisions, including compulsory uninsured and underinsured motorist coverage (17:28-1 through 17:28-8, 16 sections)State statute
• N.J.S.A. Title 17 Chapter 29A - Rates and rating organizations (17:29A-1 through 17:29A-62, 73 sections)State statute
• N.J.S.A. Title 17 Chapter 29AA - Commercial insurance deregulation (17:29AA-1 through 17:29AA-34, 35 sections)State statute
• N.J.S.A. Title 17 Chapter 29B - Unfair trade practices in the business of insurance, complete chapter (17:29B-1 through 17:29B-19, 20 sections)State statute