{"id":"NJ-106","kind":"order","level":"sector-regulator","jurisdiction":"New Jersey","state":"NJ","metro":"","industry":"","agency":"","eco":"","issuer":"Marlene Caride, Commissioner of Banking and Insurance","authority":"EO 123 (2020); Titles 17 and 17B","instrument":"Department of Banking and Insurance Bulletin No. 20-27","title":"60-day grace period for health insurance policies and contracts not addressed by Bulletins 20-11 to 20-14, due to the disruption caused by COVID-19","dateIssued":"2020-05-28","effective":"2020-05-28 (grace period electable retroactively to April 1 or May 1, 2020)","end":"Grace periods ran their terms; EO 123 to January 1, 2022","startDate":"2020-05-28","endDate":"2022-01-01","quarters":["2020Q2","2020Q3"],"types":["OTHER"],"addressees":["all companies authorized to sell accident and health insurance in New Jersey"],"clause":"\u0022Carriers are directed to extend an emergency grace period for the payment of premiums to their policyholders or contract holders for all individual and group accident and health insurance policies or contracts issued and delivered in New Jersey\u0022... \u0022the Department is directing carriers to provide policyholders and contract holders who may be experiencing a financial hardship due to COVID-19 with a 60-day emergency grace period to pay premiums so that insurance policies or contracts are not cancelled for nonpayment of premium due. A policyholder or contract holder may elect to begin the emergency grace period retroactively on April 1, 2020 or May 1, 2020.\u0022","enforcement":"DOBI regulatory authority; EO 123","functions":["IN insurance premium collection and cancellation","CB employer group policyholders"],"notes":"Cites EO 103 at 52 N.J.R. 549(a), EO 107 at 52 N.J.R. 554(a) and EO 123 at 52 N.J.R. 962(a): the New Jersey Register citations for the principal orders.","sourceUrl":"https://www.nj.gov/dobi/bulletins/blt20_27.pdf","snapshot":"","fileExists":true,"fileBytes":153064,"grade":"primary","character":"","description":"","collection":"NJ","url":"/library/NJ-106","exhibitUrl":"/exhibit/NJ-106","citation":"Marlene Caride, Commissioner of Banking and Insurance, Department of Banking and Insurance Bulletin No. 20-27 (May 28, 2020) (Ex. NJ-106)","stateName":"New Jersey","related":["SEC-13-048","NJ-012","NJ-105","NJ-104","NJ-103"]}