N.J. Admin. Code § 11:1-41.3

Current through Register Vol. 56, No. 12, June 17, 2024

Section 11:1-41.3 - Rating company

(a) The following rating companies are nationally recognized as providing ratings regarding the claims paying ability of insurers and may be used to determine whether a surety company is acceptable to provide payment and performance bonds pursuant to P.L. 1995, c.384:

1. A.M. Best Company;

2. Standard and Poor's Insurance Rating Services;

3. Moody's Investors Service, Inc.;

4. Duff and Phelps Credit Rating Company;

5. Weiss Ratings, Inc.; and

6. Fitch Investors Service, L.P.

(b) The three highest rating categories for each of the rating companies in (a) above are set forth in Appendix A to this subchapter incorporated herein by reference.

N.J. Admin. Code § 11:1-41.3