N.J. Admin. Code § 11:3-16.1

Current through Register Vol. 56, No. 21, November 4, 2024

Section 11:3-16.1 - Purpose and scope

(a) This subchapter establishes data, filing format and standardized ratemaking information and methodology requirements for all private passenger automobile rate filings for the voluntary market, in implementation of 17:29A-1 et seq. and as required by 17:29A-36.2.

(b) This subchapter applies to all insurers making private passenger automobile insurance rate filings for the voluntary market in this State.

(c) These requirements apply to all rate or loss cost filings made by insurers for the revision of base rates or loss costs; informational filings to be made on July 1 of each year pursuant to N.J.S.A. 17:29A-36.2b; and those filings made under 17:29A-46.6.

(d) Any insurer wishing to effect the rate level by changing rates, rules or forms must file data pursuant to this subchapter.

(e) This subchapter establishes data requirements and filing procedures for insurers participating in rating organizations to adopt or modify a rating organization's prospective loss cost filing for private passenger automobile insurance.

(f) This subchapter applies to all rating organizations that file prospective loss costs and all insurer filings that adopt or modify a rating organization's prospective loss cost filing for private passenger insurance made pursuant to 17:29A-1 et seq. and 17:33B-31.

N.J. Admin. Code § 11:3-16.1

Emergency Amendment, R.1990 d.621, effective 11/26/1990 (expired January 25, 1991).
See: 22 New Jersey Register 3790(a).
Expanded (d) to require filing of data pursuant to this subchapter.
Adopted Concurrent Proposal, R.1991 d.91, effective 1/25/1991.
See: 22 New Jersey Register 3790(a), 23 New Jersey Register 514(a).
Provision of emergency amendment, R.1990 d.621, readopted without change.
Amended by R.1998 d.128, effective 3/2/1998.
See: 29 New Jersey Register 5240(a), 30 New Jersey Register 828(a).
In (c), inserted references to loss costs throughout, and substituted a reference to N.J.A.C. 17:29A-46.6 for a reference to N.J.A.C. 17:29A-44 at the end; and added (e) and (f).
Amended by R.2005 d.176, effective 6/6/2005.
See: 36 New Jersey Register 5640(a), 37 New Jersey Register 2026(a).
In (a), substituted "standardized ratemaking information and methodology requirements" for "preferred ratemaking requirements".