|
|
Claim your Copy of
Top 100 FLSA
Overtime Q&As
Your email address will not be published. Required fields are marked *

New Jersey Life Insurance: What you need to know

Employers have no obligation under New Jersey law to offer life insurance to their employees. However, if group life insurance is offered, certain minimum requirements must be satisfied (NJ Rev. Stat. Sec. 17b:27-68et seq.).
For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
Group characteristics. The group to be insured must consist of no fewer than 10 employees. Eligibility for insurance must extend to all employees or all members of a particular class of employees determined by conditions pertaining to their employment or by a combination of such conditions and conditions pertaining to the family status of the employees. A group may include employees in subsidiary or affiliated corporations, individual proprietors, partners, directors, and trustees (provided they actually perform services for the employer), and retirees.
Employer/employee contributions. The premium for the policy shall be paid by the policyholder either from the employer's funds or from funds contributed by the insured employees, or from both. A policy on which no part of the premium is paid by the insured employees must insure all eligible employees, except those who reject the coverage in writing.
Beneficiaries. Individual group members choose their beneficiaries. The employer may not be named as a beneficiary.
Dependents. Group insurance policies may provide insurance coverage for employees' spouses and minor children. The premium for this insurance may be paid entirely by the employer, entirely by the employee, or by both. If the employer pays the entire premium, 100 percent of those eligible must be covered. In determining who is eligible for this coverage, individuals whose evidence of insurability is unacceptable are not counted. The amounts of insurance on a ...

>> Read more about Life Insurance

More on this topic:

State Requirements

National | Alabama | Alaska | Arizona | Arkansas | California | Colorado | Connecticut | Delaware | District of Columbia | Florida | Georgia | Hawaii | Idaho | Illinois | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Minnesota | Mississippi | Missouri | Montana | Nebraska | Nevada | New Hampshire | New Jersey | New Mexico | New York | North Carolina | North Dakota | Ohio | Oklahoma | Oregon | Pennsylvania | Rhode Island | South Carolina | South Dakota | Tennessee | Texas | Utah | Vermont | Virginia | Washington | West Virginia | Wisconsin | Wyoming |

New Jersey Life Insurance Resources

Life Insurance Products

Healthcare Reform Webinar Recording
BLR Webinar: "Healthcare Reform: What the New Legislation Means for Employers; Get Prepared Now""
Safety Culture Webinar Recording
BLR Webinar: "Safety Culture: How To Assess – and Improve – Your Organization’s Safety Policies and Practices""
Global Rewards Webinar Recording
BLR Webinar: "Global Rewards: Practical Approaches to Successful Multinational Rewards Strategies""
Encyclopedia of Employee Handbooks
This practical tool gives you everything you need to create a customized employee handbook for your company. Includes tips on how to select your format, style and topics, how to prepare your handbook, and samples of employee handbooks and HR policies being used in actual companies. "
Benchmark Benefit Survey: Benefits for Part-Time Employees
In this economy more companies are turning to part-time employees. What sort of benefit package do you offer your part timers? Know what others are doing."
Free Special Reports
Get Your FREE Special Report. Download Any One Of These FREE Special Reports, Instantly!
Featured Special Report
Claim Your Free Copy of Top 100 FLSA Overtime Q&As

We’ve compiled a list of the 100 most commonly asked questions we have received on the federal Fair Labor Standards Act (FLSA) overtime regulations.
Download Now!


This report, "Top 100 FLSA Q&As", is designed to provide you with an examination of the federal FLSA overtime regulations in Q&A format, including valuable tips for bringing your workplace into compliance in an affordable manner.

At the end of the report, you will find a list of state resources on wage and hour issues. This report includes practical advice on topics such as:
  • FLSA Coverage: How FLSA regulations apply to all employers and any specific exemptions from the overtime requirements
  • Salary Level: Qualifying for exemptions and nonexempt employees
  • Deductions from Pay: Deducting for violations, disciplinary reasons, sick leave, or personal leave


Download Now!