New Jersey Statutes 17:48A-7p. Applicability of Health Care Quality Act
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Terms Used In New Jersey Statutes 17:48A-7p
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
26. Notwithstanding the provisions of P.L.1940, c.74 (C. 17:48A-1 et seq.) to the contrary, no individual or group contract shall be delivered, issued, executed or renewed on or after the effective date of this act unless the contract meets the requirements of P.L.1997, c.192 (C. 26:2S-1 et al.) and regulations adopted thereto. The provisions of this section shall apply to all contracts in which the medical service corporation has reserved the right to change the premium.
L.1997,c.192,s.26.