N.J. Admin. Code § 11:3-8.5

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

Section 11:3-8.5 - Standards for nonrenewals-ineligible persons

(a) An insurer may issue a notice of nonrenewal to any ineligible person pursuant to 11:3-34.4.

(b) For the purpose of determining whether a person is an eligible person pursuant to 11:3-34.4, an insurer shall consider those accidents and violations accrued only in the experience period set forth in its acceptance criteria for renewal business established in accordance with 11:3-8.1 2.

(c) An insurer may issue a notice of nonrenewal to insureds who are ineligible persons for failure to meet the insurer's acceptance criteria in an amount not to exceed two percent of the insurer's in force voluntary market policies in each rating territory.

N.J. Admin. Code § 11:3-8.5

New Rule, R.2011 d.242, effective 9/19/2011.
See: 42 N.J.R. 1984(a), 43 N.J.R. 2525(a).
Former N.J.A.C. 11:3-8.5, Issuance of nonrenewal notices, recodified to N.J.A.C. 11:3-8.6.
Amended by R.2012 d.145, effective 8/20/2012.
See: 44 N.J.R. 1313(a), 44 N.J.R. 2129(b).
Rewrote (b).