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

This bill requires health insurance companies to provide small employers with at least 90 days' written notice before canceling or refusing to renew their stop loss insurance policies. Stop loss insurance protects small employers from unexpectedly high medical costs in self-funded health plans for their employees. The notice must be in a specific format set by the state insurance regulator, and the rule applies to policies issued or renewed 90 days after the bill becomes law. It directly affects small employers using self-funded health plans and their insurance providers in New Jersey.