standard NL ruling?

The following is an example of a common ruling at an NL ring game where I play:

Player A raises/re-raises, and Player B doesn't notice the raise/re-raise and throws in chips intending to call the previous bet before the raise. Player B is alerted to her mistake and now has the option of folding and surrendering those chips to the pot, or calling the amount of the raise.

Is this a standard ruling?