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NJ S967
Bill
Status
1/13/2026
Primary Sponsor
Jon Bramnick
Click for details
AI Summary
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Requires the Commissioner of Banking and Insurance to compensate members of self-funded multiple employer welfare arrangements (MEWAs) 60 percent of court-imposed assessments for unpaid claims when the MEWA's failure is not due to mismanagement
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Courts must consider factors beyond the MEWA's control when determining mismanagement, including epidemics, pandemics, and natural or human-made disasters or emergencies
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Applies to situations involving rehabilitation, liquidation, conservation, or dissolution of MEWAs
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Takes effect immediately and applies retroactively to May 1, 2021
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Amends P.L.2001, c.352 (C.17B:27C-7) governing multiple employer welfare arrangements in New Jersey
Legislative Description
Requires DOBI to provide compensation to members of self-funded multiple employer welfare arrangements under certain circumstances.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
1/13/2026