Makes certain changes to calculation of minimum loss ratio requirements for health benefits plans in individual and small employer markets.

This bill changes how health insurers in New Jersey calculate their minimum loss ratio requirement for individual and small employer health plans. It requires insurers to maintain at least 80% of premiums spent on claims and quality improvements, calculated using a three-year rolling average instead of annual figures. The law specifies that the numerator must include claims paid plus quality improvement spending, excludes new taxes from the calculation, and mandates that insurers issue rebates if the loss ratio falls below 80%. This applies to all health insurance carriers selling plans in New Jersey's individual and small-group markets.