N.J. Admin. Code § 11:27-14.4

Current through Register Vol. 57, No. 1, January 6, 2025

Section 11:27-14.4 - Commissioner's findings

(a) The Commissioner's findings as provided in N.J.A.C. 11:27-14.3 shall be made no less frequently than once every three years as follows:

1. The Department shall issue a public notice setting forth the Commissioner's proposed findings in accordance with N.J.A.C. 11:27-14.3 pursuant to data at the time of issuance not earlier than 60 days prior to the effective date thereof. The public notice shall be disseminated to those interested parties on the Department's distribution list utilized pursuant to N.J.A.C. 1:30-5.2(a)6, and shall be posted on the Department's web site: www.dobi.nj.gov. In addition, the public notice shall be published in the New Jersey Register. The public notice shall provide that interested parties shall have 30 days from the date of its posting on the Department's web site to provide written comments or additional data for the Commissioner's determination under N.J.A.C. 11:27-14.3.

2. After giving due consideration to any comments and data received, the Commissioner shall thereafter issue an Order prescribing each designated range of annual rate change and the categories of providers whose medical malpractice liability insurance rates changes shall be subject to each range pursuant to the standards set forth at N.J.A.C. 11:27-14.3. The Order shall be disseminated to those interested parties on the Department's distribution list utilized pursuant to N.J.A.C. 1:30-5.2(a)6, and to all persons who submitted written comments on the public notice referenced at (a)1 above, and shall also be posted on the Department's website: www.nj.gov/dobi. In addition, the Order shall be published in the New Jersey Register. The Order shall constitute a final agency decision.

(b) Any filing by an insurer or rating organization proposing a rate change that exceeds the designated range established by the Commissioner for a category of provider specified as set forth in (a) above, or proposing an additional rate change within such range during any 12-month period for a category of provider so specified, shall comply with the requirements set forth in N.J.A.C. 11:27-14.6 and shall be subject to prior approval by the Commissioner pursuant to N.J.S.A. 17:29A-14.

N.J. Admin. Code § 11:27-14.4

Amended by 49 N.J.R. 3232(b), effective 9/18/2017

Amended by 56 N.J.R. 1723(a), effective 8/19/2024