N.J. Stat. § 17B:27-37: Payment of premiums

There shall be a provision that all premiums due under the policy shall be remitted by the employer or employers of the persons insured, by the policyholder, or by some other designated person acting on behalf of the association or group insured, to the insurer on or before the due date thereof with such period of grace as may be specified therein.

L.1971, c. 144, s. 17B:27-37.