17B:26A-17 Definitions.
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/nj/title-17b/chapter-26a/17b-26a-17·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
6. As used in this act:
"Carrier" means an insurance company or service corporation authorized to issue health benefits plans in this State.
"Financially impaired" means a carrier or health maintenance organization which, after the effective date of P.L.1995, c.229 (C.17B:26A-12 et seq.), is not insolvent, but is deemed by the commissioner to be potentially unable to fulfill its contractual obligations, or a carrier or health maintenance organization which is under an order of rehabilitation or conservation by a court of competent jurisdiction.
"Health benefits plan" means a hospital and medical expense insurance policy; hospital service corporation contract, medical service corporation contract or health service corporation contract delivered or issued for delivery in this State.
"Newly eligible" means first eligible for Medicare benefits by reason of age or disability on or after January 1, 2020, in accordance with 42 U.S.C. s.426 or 426-1.
L.1995, c.229, s.6; amended 2019, c.139, s.4.