N.J. Admin. Code § 11:13-2.1

Current through Register Vol. 56, No. 24, December 18, 2024

Section 11:13-2.1 - Filing of rates, supplementary rate information, and policies

(a) This subchapter sets forth procedures and requirements for the filing of commercial lines rates, supplementary rate information and policies. The requirements of this subchapter shall not be applicable to:

1. Policy forms exempted by order of the Commissioner; or

2. Rates, supplementary rate information or policy forms used in connection with any special risk provided, however, that policy forms which are used in connection with commercial lines risks producing a minimum annual premium in excess of $ 10,000 as described under N.J.A.C. 11:13-4.1(a)4 and which are not otherwise described as special risks shall be subject to the requirements and filing procedures found in this subchapter.

(b) Pursuant to N.J.S.A. 17:29AA-5, every insurer and rating organization or advisory organization shall file with the Commissioner all rates and supplementary rate information and all changes and amendments thereof no later than 30 days after becoming effective.

(c) Pursuant to N.J.S.A. 17:29AA-6 insurers shall file copies of all policy forms for approval with the Commissioner at least 30 days prior to becoming effective.

(d) Filings submitted to the Commissioner must be explicit and self-contained, must be supported by statistics, where applicable, and must set forth the information upon which the filer relied in making the filing.

N.J. Admin. Code § 11:13-2.1

Amended by R.2003 d.21, effective 1/6/2003.
See: 34 New Jersey Register 2947(a), 35 New Jersey Register 252(a).
In (b), inserted "or advisory organization" following "rating organization".