N.J. Admin. Code § 11:2-42.5

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

Section 11:2-42.5 - Limitation on filer's rate request

(a) If the overall indicated change as determined in N.J.A.C. 11:2-42.4 is an increase of five percent or more, the filer shall request an overall increase of no more than five percent.

(b) If the overall indicated change as determined by N.J.A.C. 11:2-42.4 is less than five percent, the filer shall request no more than the overall rate change that is indicated.

(c) A filer may not have more than one rate change request pursuant to this subchapter approved in any 12-month period.

N.J. Admin. Code § 11:2-42.5