N.J. Admin. Code § 11:4-7.1

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

Section 11:4-7.1 - Purpose and scope

(a) The purpose of this subchapter is to establish standards and procedures whereby insurers may apply to the Commissioner to obtain approval to charge additional premium for any risk in which the developed manual premium does not adequately reflect the additional hazard being insured.

(b) This subchapter shall apply to both commercial and personal lines that utilize a manual rate that has been filed with the Department in accordance with N.J.S.A. 17:29A-1 et seq. and 17:29AA-1 et seq.

New Rule, R.2006 d.132, effective 4/17/2006.
See: 37 N.J.R. 4859(a), 38 N.J.R. 1743(a).
Former N.J.A.C. 11:4-7.1, Filing requirements, recodified as N.J.A.C. 11:4-7.3.