Every individual or group health service corporation contract providing hospital or medical expense benefits that is delivered, issued, executed or renewed in this State or approved for issuance or renewal in this State by the Commissioner of Banking and Insurance on or after the effective date of this act shall not exclude any person or eligible dependent and shall not establish any rates or terms therefor on the basis of an actual or expected health condition or on the basis of any genetic characteristic. See definition section N.J. Rev. Stat. § 17:48E-1.