# New Jersey A3972: Makes certain changes to calculation of minimum loss ratio requirements for health benefits plans in individual and small employer markets.

New Jersey A3972, Makes certain changes to calculation of minimum loss ratio requirements for health benefits plans in individual and small employer markets., is a 220th Legislature (2024-2025) House bill sponsored by Mitchelle Drulis (Democratic), Roy Freiman (Democratic), Shanique Speight (Democratic); status failed, last action 2024-06-28 (Substituted by S2875 (3R)) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/NJ-A3972-2024-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: New Jersey A3972
- State: New Jersey
- Session: 220th Legislature (2024-2025)
- Title: Makes certain changes to calculation of minimum loss ratio requirements for health benefits plans in individual and small employer markets.
- Status: failed
- Chamber: House
- Introduced: 2024-03-04
- Last action: 2024-06-28, Substituted by S2875 (3R)
- Sponsors: Mitchelle Drulis (Democratic), Roy Freiman (Democratic), Shanique Speight (Democratic)
- Cosponsors: 3
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

No summary available.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Mitchelle Drulis (Democratic), House
- Sponsor: Roy Freiman (Democratic), House
- Sponsor: Shanique Speight (Democratic), House
- Cosponsor: Rosaura Bagolie (Democratic), House
- Cosponsor: Robert D. Clifton (Republican), House
- Cosponsor: Sumter, Shavonda E.

## Actions (5)

- 2024-06-28: Substituted by S2875 (3R) (House)
- 2024-06-13: REP/ACA, 2nd Reading in Assembly (House)
- 2024-03-14: REP/ACA, Referred to Assembly Financial Institutions and Insurance Committee (House)
- 2024-03-14: TRANS Assembly Health Committee (House)
- 2024-03-04: Introduced, 1st Reading in Assembly, Referred to Assembly Financial Institutions and Insurance Committee (House)

## Bill text

- Assembly Financial Institutions and Insurance (6/13/24 2R), 2024-07-01: [HTML](https://pub.njleg.state.nj.us/Bills/2024/A4000/3972_R2.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/A4000/3972_R2.PDF)
- Assembly Financial Institutions and Insurance Substitute (6/13/24 1R), 2024-06-14: [HTML](https://pub.njleg.state.nj.us/Bills/2024/A4000/3972_S2.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/A4000/3972_S2.PDF)
- Assembly Health (3/14/24), 2024-05-17: [HTML](https://pub.njleg.state.nj.us/Bills/2024/A4000/3972_R1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/A4000/3972_R1.PDF)
- As Introduced, 2024-03-15: [HTML](https://pub.njleg.state.nj.us/Bills/2024/A4000/3972_I1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/A4000/3972_I1.PDF)
- Assembly Health Substitute (3/14/24), 2024-03-15: [HTML](https://pub.njleg.state.nj.us/Bills/2024/A4000/3972_S1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/A4000/3972_S1.PDF)

## Related bills

- S4928: Requires payment of prevailing wage for certain data center construction. (signed)
- S4925: Expands provisions of P.L.2022, c.9 under certain circumstances. (signed)
- S4847: Makes various changes to membership on Cannabis Regulatory Commission and to legalized medical and personal use cannabis marketplace. (signed)
- S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act." (signed)
- S4678: Includes retired teachers and county college faculty members in science, technology, engineering, and mathematics teacher grant program.* (signed)
- S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation program with remaining funds for unmet recovery and rebuilding needs for Supers… (signed)

## Sources
- [Assembly Financial Institutions and Insurance (6/13/24 2R) (HTML)](https://pub.njleg.state.nj.us/Bills/2024/A4000/3972_R2.HTM)
- [Assembly Financial Institutions and Insurance (6/13/24 2R) (PDF)](https://pub.njleg.state.nj.us/Bills/2024/A4000/3972_R2.PDF)
- [Assembly Financial Institutions and Insurance Substitute (6/13/24 1R) (HTML)](https://pub.njleg.state.nj.us/Bills/2024/A4000/3972_S2.HTM)
- [Assembly Financial Institutions and Insurance Substitute (6/13/24 1R) (PDF)](https://pub.njleg.state.nj.us/Bills/2024/A4000/3972_S2.PDF)
- [Assembly Health (3/14/24) (HTML)](https://pub.njleg.state.nj.us/Bills/2024/A4000/3972_R1.HTM)
- [Assembly Health (3/14/24) (PDF)](https://pub.njleg.state.nj.us/Bills/2024/A4000/3972_R1.PDF)
- [As Introduced (HTML)](https://pub.njleg.state.nj.us/Bills/2024/A4000/3972_I1.HTM)
- [As Introduced (PDF)](https://pub.njleg.state.nj.us/Bills/2024/A4000/3972_I1.PDF)
- [Assembly Health Substitute (3/14/24) (HTML)](https://pub.njleg.state.nj.us/Bills/2024/A4000/3972_S1.HTM)
- [Assembly Health Substitute (3/14/24) (PDF)](https://pub.njleg.state.nj.us/Bills/2024/A4000/3972_S1.PDF)

## Related
- [S4928: Requires payment of prevailing wage for certain data center construction.](https://policyrisk.com/state-bill/NJ-S4928-2024-2025)
- [S4925: Expands provisions of P.L.2022, c.9 under certain circumstances.](https://policyrisk.com/state-bill/NJ-S4925-2024-2025)
- [S4847: Makes various changes to membership on Cannabis Regulatory Commission and to le…](https://policyrisk.com/state-bill/NJ-S4847-2024-2025)
- [S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act."](https://policyrisk.com/state-bill/NJ-S4858-2024-2025)
- [S4678: Includes retired teachers and county college faculty members in science, techno…](https://policyrisk.com/state-bill/NJ-S4678-2024-2025)
- [S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation…](https://policyrisk.com/state-bill/NJ-S4812-2024-2025)
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Source: PRIA, https://policyrisk.com/state-bill/NJ-A3972-2024-2025 (as of 2026-10-17).