N.J. Admin. Code § 11:13-8.3

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

Section 11:13-8.3 - Prospective loss cost filing requirements for rating organizations

(a) A rating organization or advisory organization that desires to file prospective loss costs with the Commissioner shall develop a filing containing advisory prospective loss costs and supporting actuarial and statistical data.

(b) Rating organizations or advisory organizations that file advisory prospective loss cost filings with the Commissioner shall:

1. Submit a filing that contains the advisory prospective loss costs and the underlying loss data and other supporting actuarial information for any calculations or assumptions underlying those loss costs; and

2. No longer develop or file minimum premiums with the filing of prospective loss costs.

(c) A rating organization or advisory organization shall provide the Department with printed manuals of loss costs, as well as rules and other supplementary rating information pursuant to N.J.S.A. 17:29AA-1 et seq., and may provide this information to its member/subscribers insurers upon request.

(d) Rating organizations or advisory organizations shall continue to develop and file supplementary rating information on behalf of their member/subscriber insurers.

N.J. Admin. Code § 11:13-8.3

Amended by R.2003 d.21, effective 1/6/2003.
See: 34 New Jersey Register 2947(a), 35 New Jersey Register 252(a).
Inserted "or advisory organization" following "rating organization" throughout.