try this
var emailid = $('#userEmailid').val().split(",");
if (emailid.length <= 2) {
for (var i = 0; i < emailid.length; i++) {
if (!isEmail(emailid[i])) {
alert('Please Enter Valid EmailID');
return false;
}
}
$('#frmSubmitPremUserReg').submit();
}
else {
alert('Max 2 email id allowed.');
return false;
}