Requires 90 days' notice of cancellation or nonrenewal of stop loss insurance for small employer health benefits plans.

This bill (A2201) requires insurers to provide small employer health benefits plan sponsors with at least 90 days' written notice before canceling or not renewing their stop loss insurance policy. It directly affects small business employers who self-fund health coverage for their employees through stop loss insurance. The key provision mandates this 90-day notice period in a format determined by New Jersey's Commissioner of Banking and Insurance. The bill applies to policies issued or renewed 90 days after its enactment.