N.J. Admin. Code § 11:3-46.5

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

Section 11:3-46.5 - UEZ agents

(a) A qualified insurer may appoint one or more UEZ agents on or after January 1, 1998. Such appointments shall comply with all requirements set forth in 17:33C-4 and 17:22A-15, 11:17-2.9, and this subchapter. UEZ agent contracts shall set forth any limitation on the number of exposures that may be written by the UEZ agent pursuant to 17:33C-4. The notice of agency contract filed pursuant to 11:17-2.9 shall note that the agent is a UEZ agent whose contract includes provisions permitted by 17:33C-1 et seq. and this subchapter.

(b) The insurer shall provide UEZ agents with reasonable support services. In addition, in setting the compensation for UEZ agents, the insurer shall comply with N.J.S.A. 17:33B-18b.

(c) If the qualified insurer is a direct writer (that is, an insurer that writes business directly through its own employees without the use of contracted agents), and has an amount of in-force exposures in UEZs that exceeds 105 percent of its Statewide marketshare as of the end of a quarterly reporting period, it may request that the Commissioner permit the insurer to suspend any additional marketing efforts implemented as part of its plan submitted pursuant to 11:3-46.4.

N.J. Admin. Code § 11:3-46.5