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

This bill requires insurers to provide small employers with at least 90 days' written notice before canceling or not renewing stop loss insurance policies for their health benefits plans. It directly affects small employers that self-fund health coverage (using stop loss insurance to cover high medical costs) and their insurers. The key provision mandates that insurers send this notice to the plan sponsor (typically the employer) in a specific format approved by New Jersey's Insurance Commissioner. The law takes effect 90 days after enactment, applying to policies issued or renewed after that date.