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Current as of January 01, 2024 | Updated by Findlaw Staff
For the purposes of this act:
a. “Applicant” means:
(1) In the case of an individual medicare supplement subscriber contract, the person who seeks to contract for service corporation benefits, and
(2) In the case of a group medicare supplement subscriber contract, the person eligible for service corporation benefit coverage.
b. “Certificate” means any certificate issued under an individual or group medicare supplement contract, which certificate has been delivered or issued for delivery in this State.
c. “Commissioner” means the Commissioner of Insurance.
d. “Medicare” means the program established by the “Health Insurance for the Aged Act,” Title XVIII of the “Social Security Act,” Pub.L. 89-97, as then constituted or later amended (42 U.S.C. § 1395 et seq.).
e. “Medicare supplement contract” means a group or individual subscriber contract or certificate which is advertised, marketed, designed primarily as, or is otherwise held out to be, a supplement to reimbursements under medicare for the hospital, medical or surgical expenses of persons eligible for medicare, other than a contract issued pursuant to a contract under 42 U.S.C. § 1395l or 42 U.S.C. § 1395mm or a contract issued under a demonstration project authorized pursuant to the “Health Insurance for the Aged Act,” 42 U.S.C. § 1395 et seq. The term does not include a contract issued to one or more employers or labor organizations, or to the trustees of a fund established by one or more employers or labor organizations, or combination thereof, for employees or former employees or combination thereof or for members or former members, or combination thereof, of the labor organizations.
f. “Service corporation” means any medical service corporation operating pursuant to the provisions of P.L.1940, c. 74 (C.17:48A-1 et seq.), any hospital service corporation operating pursuant to the provisions of P.L.1938, c. 366 (C.17:48-1 et al.), any health service corporation operating pursuant to the provisions of P.L.1985, c. 236 (C.17:48E-1 et al.), or any similar organization which is authorized by law to provide health care services and supplies.
g. “Service corporation contract” means any group or individual subscriber contract issued by a service corporation.
Cite this article: FindLaw.com - New Jersey Statutes Title 17. Corporations and Institutions for Finance and Insurance 17 § 35C-1 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-17-corporations-and-institutions-for-finance-and-insurance/nj-st-sect-17-35c-1/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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