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 refusing to renew stop loss insurance policies for their self-funded health plans. Stop loss insurance protects small employers from unexpectedly high medical costs for their employees' health coverage. The notice must be in a format set by New Jersey's Banking and Insurance Commissioner and applies to policies issued or renewed 90 days after the law takes effect. This directly affects small business health plan sponsors who rely on this coverage to manage financial risk.