N.J. Admin. Code § 11:27-14.8

Current through Register Vol. 56, No. 16, August 19, 2024

Section 11:27-14.8 - Changes to rating system with no impact on premium

Any change to an insurer's or rating organization's rating system that has no impact on premiums charged (for example, a company introduces a new limit and factor with no impact on premium) shall be filed with the Department for review no later than 30 days prior to the implementation thereof. Such change thereafter may be implemented unless disapproved by the Department within the 30-day period.