New Jersey § 26:2j-47

§ 26:2j-47.

a. (1) For the fiscal years 2005 and 2006, the Commissioner of Banking and Insurance

shall issue, in accordance with the provisions of this section, a special interim

assessment of one percent, and in fiscal year 2007 and each fiscal year thereafter

through fiscal year 2019, an annual assessment in the amount of two percent, in fiscal year 2020 , an annual assessment in the amount of three percent , and in fiscal year 2021 and each fiscal year thereafter, an annual assessment in

the amount of five percent on the net written premiums received by each health maintenance organization granted

a certificate of authority to operate in this State pursuant to P.L.1973, c. 337 ( C.26:2J-1 et seq. ), to be allocated to the Health Care Subsidy Fund established pursuant to section

8 of P.L.1992, c. 160 ( C.26:2H-18.58 ) for the purpose of providing charity care payments to hospitals in accordance with

the formula used for the distribution of charity care subsidies that are provided

pursuant to P.L.1992, c. 160 ( C.26:2H-18.51 et al.). (2) “ Net written premiums received ” means direct premiums as reported on the annual financial statement submitted pursuant

to section 9 of P.L.1973, c. 337 ( C.26:2J-9 ), and to the commissioner on a quarterly basis. b. The commissioner shall certify the amount of the annual assessment issued to each

health maintenance organization as calculated pursuant to subsection a. of this section. Each health maintenance organization shall remit the amount so certified on a quarterly

basis in each fiscal year to the Department of Banking and Insurance in accordance

with the procedures established in P.L.1995, c. 156 ( C.17:1C-19 et seq. ), and as prescribed by the commissioner, who may adjust the quarterly payments from

time to time as necessary to meet the current and estimated assessment obligation

of each health maintenance organization in each fiscal year. c. Amounts collected by the commissioner shall be allocated to the Health Care Subsidy

Fund established pursuant to section 8 of P.L.1992, c. 160 ( C.26:2H-18.58 ) and used solely for the purpose of providing charity care payments to hospitals

in accordance with the formula used for the distribution of charity care subsidies

that are provided pursuant to P.L.1992, c. 160 ( C.26:2H-18.51 et al.). d. (1) A health maintenance organization shall not impose any additional premium,

fee or surcharge on its premium or enrollee charge to recoup any assessment paid pursuant

to this section. (2) The provisions of paragraph (1) of this subsection shall not apply to a health

maintenance organization with respect to any federally funded program underwritten

by that health maintenance organization.