N.J. Admin. Code § 11:16-2.4

Current through Register Vol. 56, No. 11, June 3, 2024

Section 11:16-2.4 - Insurer reporting requirements

(a) Insurers shall report to the NICB all motor vehicles involved in losses as follows:

1. All thefts of a motor vehicle, or any of its major component parts, shall be reported within two working days from the receipt of sufficient information from the insured. The NICB shall acknowledge the receipt of each theft report received from an insurer within 10 working days. If the insurer has not received any acknowledgment or communication from the NICB within 10 working days following its submission to the NICB of the report, the insurer shall immediately communicate with the NICB to determine the status of its report.

2. All losses involving motor vehicle salvage, however sustained, including salvage retained by either an insured or a third party claimant, shall be reported to the NICB within five working days after the sale of salvage; or, if the insured is permitted to retain salvage, within five working days after the date of loss payment.

3. All insurers required to submit reports to the NICB in compliance with this subchapter shall be bound by all of the reporting requirements of the NICB.

N.J. Admin. Code § 11:16-2.4

Amended by R.1993 d.48, effective 1/19/1993.
See: 24 New Jersey Register 3606(a), 25 New Jersey Register 311(a).
National Automobile Theft Bureau changed to National Insurance Crime Bureau.