N.J. Admin. Code § 11:2-31.3
The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise.
"Annual adjustments" means any adjustments in the perpetual deposit account during the calendar year, exclusive of dividends. Increases include any additions to the account, such as policy fees and premium assessments. Decreases include the return of perpetual deposits, in whole or in part, due to the termination of policies and any other decreases, exclusive of dividends.
"Commissioner" means Commissioner of the New Jersey Department of Banking and Insurance.
"Insurer" means an insurance company licensed to transact the business of perpetual homeowners insurance in this State.
"Net perpetual deposits" means the total perpetual deposits received by an insurer for perpetual homeowners insurance increased or decreased by annual adjustments.
"Perpetual deposit" means a payment by a policyholder for perpetual homeowners insurance.
"Perpetual homeowners insurance" means a homeowners policy and related endorsements, including all perils insured thereunder, which remains continuously in effect until cancelled, and is paid for with one lump sum deposit with no additional payment required, notwithstanding any subsequent fees or assessments.
N.J. Admin. Code § 11:2-31.3
See: 32 N.J.R. 3530(a), 33 N.J.R. 85(a).