Health Republic Insurance of New Jersey: Endorsement Letter

i/m/o Freelancers Consumer Operated and Oriented Program of New Jersey
D/B/A Health Republic Insurance of New Jersey in Rehabilitation
570 Broad Street, Suite 1100
Newark, New Jersey 07102

November 1, 2016

Re: Renewal Extension Endorsement

Dear Plan Administrator:

This notice serves to advise you that your existing Small Group Health Insurance Plan currently insured with Freelancers Consumer Operated and Oriented Program d/b/a Health Republic Insurance of New Jersey in Rehabilitation (“HRINJ”), is being extended to December 31, 2016.

All terms and conditions of your current small employer group policy and certificate having  2016 anniversary dates will remain in effect through December 31, 2016, at existing rates. 

Your small employer group policy will not provide any renewal benefits into the 2017 calendar year. 

This action is the result of the Commissioner of the Department of Banking and Insurance of New Jersey (“NJDOBI”), Richard J. Badolato, filing an Order to Show Cause with Temporary Restraints in the Superior Court of New Jersey, Chancery Division-Mercer County; Docket Number MER-C-63.16, seeking an Order of Rehabilitation.   

On Wednesday, October 19, 2016, the Order of Rehabilitation was entered by the Court.    

As contained within the Order, all individual and small group polices terminate on December 31, 2016 and are not eligible for renewal with HRINJ.    

We appreciate your continued support and cooperation during the remainder of your extended contract term.

Should you have any questions, please contact our Health Republic Member Services Team at 888-990-5706.

Sincerely,

Thomas Daniels
Director of Broker Relations