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New Jersey

These resources – like the public health crisis itself – are constantly evolving and are only current as to the date of publication. This page was last updated on August 21, 2020.

For more up-to-date information on the relief programs available in New Jersey, we recommend that you visit the Department of Human Services or the governor's COVID-19 Resources website

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Description of Program and Relief

Extension of Insurance Premium Grace Periods and Moratorium on Certain Late Fees, Interest, and Other Charges Associated With Delays in Premium Payments

A minimum 90-day grace period is now required for life insurance, insurance premium-financing arrangements, and property and casualty insurance premium payments, and a minimum 60-day grace period is now required for health and dental insurance policy premium payments. During the grace periods, certain insurance companies are not able to cancel policies for nonpayment of premiums. Insurance companies will be required to notify policyholders of this emergency grace period and to waive certain late fees, interest, or other charges associated with delays in premium payments. Insurance companies will also be required to pay any claim incurred during the emergency grace period that would be covered under the policy and any unpaid premium will be amortized over the remainder of the policy term or a period of up to 12 months following the end of the emergency grace period.

Government or Lead Agency

Office of the Governor and Commissioner of Banking and Insurance

Dates Available

April 9, 2020, continuing indefinitely

Eligibility Requirements/Restrictions

Insured person or business entity must be a New Jersey resident

Application Deadlines (If Applicable)


Contact for More Information

For inquiries contact the New Jersey Department of Banking and Insurance by phone at (609)-292-7272.

List of Additional Information

More information is available in the Office of the Governor’s press release, here.

© 2021 Paul, Weiss, Rifkind, Wharton & Garrison LLP. This does not constitute legal advice and does not create an attorney-client relationship. In some jurisdictions, this publication may be considered attorney advertising. Past representations are no guarantee of future outcomes.

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