N.J. Admin. Code § 11:13-1.3
The following words and terms, when used in this chapter, have the following meanings unless the context clearly indicates otherwise.
"Advisory organizations" means any group, association or other organization of insurers, whether located within or outside this State, that assists insurers or rating organizations in ratemaking, by the collection and furnishing of loss or expense statistics.
"Commissioner" means the Commissioner of Banking and Insurance.
"Department" means Department of Banking and Insurance.
"Farmowners insurance" means a policy of insurance issued to the owner(s) of property used for agricultural purposes, which may include property coverages on dwellings, farm buildings and personal property including household property, farm equipment, livestock, farm produce and supplies; and farmers comprehensive personal liability coverages against liabilities as the owner of the farm property and operator of the farming enterprise. As defined herein, farmowners insurance is reported on the statutory Annual Statement as "Farmowners Multi Peril".
"Insurer" means any person, corporation, company, association, joint underwriting association, partnership, or any other legal entity licensed under the laws of this State to transact the business of insurance in this State.
"Policy" means any contract of insurance subject to this chapter and includes, but is not limited to, all policies, contracts, certificates and endorsements.
"Rating Organization" means every person or persons, corporation, partnership, company, society or association engaged in the business of rate-making for two or more insurers.
"Special Risks" means:
1. Commercial lines insurance risks as specified on a list promulgated by the Commissioner, which are of an unusual nature or high loss hazard or are difficult to place or rate or which are excess or umbrella or which are eligible for export;
2. Inland marine insurance, other than personal lines (The 1976 Revision of the Nation-wide Marine Definition, adopted by the National Association of Insurance Commissioners, has been adopted by the State of New Jersey. This instrument describes, although not exclusively, the kinds of risks which may be classified or identified as inland marine insurance.);
3. Fidelity, surety or forgery bonds; or
4. Commercial lines insurance risks which produce minimum annual premium in excess of $ 10,000 as specified in N.J.A.C. 11:13-4.
"Supplementary rate information" includes any manual or plan of rates, statistical plan, classification, rating schedule, rating rule and any other rule used by an insurer in making rates.
N.J. Admin. Code § 11:13-1.3
See: 21 New Jersey Register 1641(b), 21 New Jersey Register 3926(a).
Added definition for "farmowners insurance".
Amended by R.1997 d.521, effective 12/15/1997.
See: 29 New Jersey Register 4248(a), 29 New Jersey Register 5310(a).
Amended "Commissioner", "Department", and "Special Risks".
Amended by R.2003 d.21, effective 1/6/2003.
See: 34 New Jersey Register 2947(a), 35 New Jersey Register 252(a).
Added "Advisory organization".