N.J. Admin. Code § 11:13-7.2

Current through Register Vol. 56, No. 24, December 18, 2024
Section 11:13-7.2 - Definitions

The following words and terms, when used in this subchapter, shall have the following meanings unless the context clearly indicates otherwise.

"Commercial lines insurance" includes all property-casualty insurance policies except those excluded by N.J.S.A. 17:29AA-3a and N.J.A.C. 11:18-1.1.

"Commissioner" means the Commissioner of the New Jersey Department of Banking and Insurance.

"Cost of legal defense" or "defense costs" means allocated attorney and all other litigation expenses that can be separately identified as arising from the defense of a specific claim.

"Day" means calendar day.

"Insurer" means any person, corporation, association, joint underwriting association subject to N.J.S.A. 17:29AA-22, partnership or company licensed under the laws of this State to transact the business of insurance and rating organizations that file policy forms on behalf of their members and subscribers.

"Liability insurance policy" means any insurance policy that provides coverage for legal liability, even if it contains other types of coverage.

"Policy" or "insurance policy" includes all endorsements.

N.J. Admin. Code § 11:13-7.2

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".