N.J. Admin. Code § 11:3-20.11

Current through Register Vol. 56, No. 24, December 18, 2024

Section 11:3-20.11 - Supplemental filings

(a) An insurer may request permission to supplement its excess profit report filing due to good faith error or excusable mistake by submitting a written request to the Department containing the following:

1. The reasons why the insurer believes that a supplemental filing is necessary;

2. A brief but complete description of the nature of the information to be contained in the supplemental filing (Note: The actual supplemental filing should not be submitted until the insurer is notified that the request has been approved); and

3. The reasons why the insurer failed to provide this information in its initial excess profit report filing.

(b) The Commissioner shall either approve or disapprove the request, in writing, within 30 days after the request is received by the Department. If the insurer is notified that its request is approved, the insurer shall submit the supplemental filing to the Department within 10 days after the receipt of such notification.

N.J. Admin. Code § 11:3-20.11

New Rule, R.1991 d.17, effective 1/7/1991.
See: 22 New Jersey Register 2082(b), 23 New Jersey Register 106(a).
Old 20.11, Compliance dates, has been recodified to 20.12.
Amended by R.2004 d.97, effective 3/15/2004.
See: 35 New Jersey Register 3098(a), 36 New Jersey Register 1426(a).