New Jersey § 56:12-92
Full text of New Jersey New Jersey Statutes § 56:12-92, with citation guidance and answers to common questions.
§ 56:12-92.
a. An insurer issuing a reimbursement insurance policy to a provider for any service
contract issued, offered for sale, or sold in this State shall: (1) be deemed to have received the premium for the insurance upon the payment of the
provider fee by a consumer for a service contract issued by an insured provider; (2)(a) provide reimbursement to, or payment on behalf of, the provider under the terms
of the contract; or (b) in the event of the provider's non-performance, provide or pay for, on behalf
of the provider, all covered contractual obligations incurred by the provider; (3) accept a claim arising under the contract directly from a contract holder, if
the provider does not comply with any contractual obligation pursuant to the contract
within 60 days of presentation of a valid claim by the contract holder; and (4) terminate or not renew the policy covering the contract only after a notice of
termination or nonrenewal is presented to the director, at least 10 days prior to
the termination or nonrenewal of the policy, which termination or nonrenewal shall
not reduce the insurer's responsibility for any insured contract issued or sold prior
to the date of termination or nonrenewal. b. This section shall not be construed to limit the right of the insurer to seek indemnification
or subrogation against the provider if the insurer provides or pays, or is obligated
to provide or pay, for any covered contractual obligation incurred by the provider.
Frequently Asked Questions About New Jersey § 56:12-92
What does New Jersey Statutes § 56:12-92 cover?
Section 56:12-92 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 56:12-92?
A common citation format is "New Jersey Statutes § 56:12-92" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 56:12-92 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.