N.J. Admin. Code § 11:3-13.3
Current through Register Vol. 56, No. 23, December 2, 2024
Section 11:3-13.3 - Deductibles for private passenger automobile collision and comprehensive coverage(a) The minimum schedules of deductibles for private passenger automobile collision and comprehensive coverages which each insurer shall offer, pursuant to P.L. 2003, c. 89, 17:29A-39 are as follows: 1. Deductibles for collision coverage: | $ 100.00 | $ 750.00 |
| $ 150.00 | $ 1,000 |
| $ 250.00 | $ 1,500 |
| $ 500.00 | $ 2,000 |
i. An insurer may offer a $ 200.00 collision deductible in lieu of, or in addition to, the $ 250.00 deductible contained in (a)1 above.2. Deductibles for comprehensive coverage: | $ 100.00 | $ 750.00 |
| $ 150.00 | $ 1,000 |
| $ 250.00 | $ 1,500 |
| $ 500.00 | $ 2,000 |
i. An insurer may offer a $ 200.00 comprehensive deductible in lieu of, or in addition to, the $ 250.00 deductible contained in (a)2 above.3. The $ 2,000 amount referenced in (a)1 and 2 above may be adjusted in $ 100.00 or $ 250.00 increments by order of the Commissioner. Such orders shall be issued no more frequently than every 36 months, as the Commissioner deems appropriate, to reflect the cumulative increases or decreases, since the deductibles were last set, in the components of the Consumer Price Index, All Urban Consumers (CPI-U) for the Northeast Region. Such changes shall be reflected in this subsection through a notice of administrative changes published by the Department in the New Jersey Register.(b) In addition to the required schedules in (a) above, an insurer may offer other intermediary ranges of deductibles as well as deductibles which are in excess of $ 2,000. 1. The offering of such intermediary and additional deductibles shall be subject to the Commissioner's approval as set forth in 11:3-13.4.(c) Insurers may offer actual case value comprehensive coverage.(d) Where no selection of a deductible in a specific amount for collision and comprehensive coverage is made in writing by an applicant for an initial policy of auto insurance, an insurer shall provide a deductible in a default amount of $ 750.00 each for collision and comprehensive coverage. Insurers shall inform insureds that this default amount will be selected upon the failure to affirmatively select a deductible in a specific amount.N.J. Admin. Code § 11:3-13.3
As amended, R.1984 d.3, effective 1/4/1984. Originally filed as an emergency amendment R.1983 d.537.
See: 15 New Jersey Register 1961(a), 16 New Jersey Register 246(c).
Deductibles of $ 1,500.00 and $ 2,000.00 added.
Amended by R.1987 d.142, effective 3/16/1987.
See: 19 New Jersey Register 46(a), 19 New Jersey Register 455(a).
Amended by R.1996 d.58, effective 2/5/1996.
See: 27 New Jersey Register 3682(a), 28 New Jersey Register 855(a).
Amended by R.2003 d.467, effective 12/1/2003 (operative January 1, 2004).
See: 35 New Jersey Register 3083(a), 35 New Jersey Register 5420(b).
In (a), rewrote the introductory paragraph, added the deductible of $ 750.00 in 1 and 2 and added 3; added (d).