N.J. Admin. Code § 11:13-2.3

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

Section 11:13-2.3 - Adoption or rates, supplementary rate information or policies of other filers

(a) If a filer adopts rates or supplementary rate information used by other filers or proposes to adopt policy forms or endorsements previously approved (or deemed approved) for other filers in New Jersey, the filing shall clearly identify such reference including the name of the filer and, if applicable, the date such filings were approved in this State, including any amendments thereof. The Department staff will give reasonable assistance to a filer in obtaining such information to the extent that it is a public record:

1. If the proponent only wishes to adopt the filing with a different effective date, the filing shall clearly identify the rating organization's or advisory organization's file number but shall not include a copy of the material referred to.

i. If the proponent wishes to adopt such filing material with some exceptions, he shall clearly identify such reference and shall submit copies of only those pages containing such exceptions.

2. If the proponent wishes to delay the effective date or non-adopt either of the following: rate or supplementary rate information, or policies and endorsements approved for rating organizations or accepted for reference purposes on behalf of advisory organizations in New Jersey, the filing shall clearly identify such reference but shall not include a copy of the referred material. Pursuant to N.J.S.A. 17:29AA-5, every insurer shall file with the Commissioner all changes and amendments thereof not later than 30 days after becoming effective.

3. If the proponent wishes to adopt filings approved in New Jersey for other filers acting independently of rating organizations or advisory organizations, the material made reference to must be filed with any modifications identified as outlined under N.J.A.C. 11:13-2.2.

N.J. Admin. Code § 11:13-2.3

Amended by R.2003 d.21, effective 1/6/2003.
See: 34 New Jersey Register 2947(a), 35 New Jersey Register 252(a).
Rewrote the section.