N.J. Admin. Code § 11:13-6.4

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

Section 11:13-6.4 - Elements of plan

(a) A commercial insurance rating plan shall consist of rating rules that set forth the following:

1. The criteria for an insured's eligibility for premium modification as described in the plan;

2. A list or lists of underwriting factors and such descriptive statements or explanations as may be necessary to understand the application or use of each factor;

3. The maximum debit for each factor;

4. The maximum credit for each factor; and

5. The total maximum debits and credits for all factors combined.

N.J. Admin. Code § 11:13-6.4