N.J. Admin. Code § 11:3-32.3

Current through Register Vol. 56, No. 23, December 2, 2024

Section 11:3-32.3 - Certification compliance requirements

(a) Each insurer authorized to transact automobile or motor vehicle insurance business in this State pursuant to 17:28-1.4 shall file a certification of compliance with the Department on its own behalf and on behalf of:

1. Any insurer that is controlled by the insurer authorized to transact insurance business in this State, which sells a policy providing automobile or motor vehicle liability insurance coverage;

2. Any insurer that controls the insurer authorized to transact automobile or motor vehicle liability insurance in this State, which sells a policy providing automobile or motor vehicle liability insurance coverage; and

3. Any insurer under common control by or with the insurer authorized to transact automobile or motor vehicle liability insurance in this State.

(b) The certification insurers are required to file in accordance with (a) above shall include the following information:

1. The name of the insurance company authorized to transact automobile or motor vehicle insurance in New Jersey;

2. The names of insurance companies that transact automobile or motor vehicle insurance in other states or provinces of Canada, that are controlling or controlled by, or are under common control by, or with, the insurer named in (b)1 above;

3. The NAIC group and company number for each insurer named in (b)1 and 2 above;

4. The name, signature, title and telephone number of the company officer authorized to complete the certification; and

5. A statement that the company will provide the coverages required in N.J.S.A. 39:6B-1a, 39:6A-3, 39:6A-4, 17:28-1.3, and 17:28-1.1, whenever the automobile or motor vehicle insured under the policy is used or operated in this State.

(c) Any insurer that acquires control of, is acquired by or comes under common control of another insurer shall file the required certification of compliance within 30 days of this change in control and include the following information:

1. A certification that contains the information provided in (b)1 through 5 above; and

2. The effective date of the changes in control described in (c) above.

(d) Any insurer subject to this subchapter shall file a certification of compliance as set forth in this section within 30 days of becoming authorized to transact automobile or motor vehicle insurance in this State. Any insurer authorized as of March 3, 2008 to transact automobile or motor vehicle insurance in this State and subject to the provisions of this subchapter that has not filed a certification of compliance shall do so no later than April 2, 2008. Any insurer subject to this subchapter shall file a new certification of compliance if any information set forth in a previously filed certification changes. The new certification shall be filed within 30 days of any such change.

(e) All certifications shall be submitted to the Department at the following address:

New Jersey Department of Banking and Insurance

Property/Liability Division

20 West State Street

PO Box 325

Trenton, NJ 08625-0325

N.J. Admin. Code § 11:3-32.3

Amended by R.1998 d.591, effective 12/21/1998 (operative March 22, 1999).
See: 30 N.J.R. 3202(a), 30 N.J.R. 4390(b).
Amended by R.2001 d.44, effective 2/5/2001.
See: 32 N.J.R. 3891(a), 33 N.J.R. 573(a).
In (b)5, amended the N.J.S.A. reference.
Amended by R.2008 d.47, effective 3/3/2008.
See: 39 N.J.R. 3707(a), 40 N.J.R. 1354(a).
Rewrote (d).