N.J. Admin. Code § 11:4-9.3

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

Section 11:4-9.3 - Prospective loss cost filing requirements for rating organizations and advisory organizations

(a) Rating organization or advisory organization advisory prospective loss cost filings shall be submitted to the Commissioner and shall include the advisory prospective loss costs and the underlying loss data and other supporting actuarial information for any calculations or assumptions underlying those loss costs. Filings of prospective loss costs shall be filed and become effective in accordance with N.J.S.A. 17:29A-1 et seq. and N.J.A.C. 11:1-2.

(b) Rating organizations or advisory organizations that file prospective loss cost filings with the Commissioner shall not develop or file minimum premiums.

(c) Rating organizations and advisory organizations shall provide the Department with printed manuals of prospective loss costs, as well as rules and other supplementary rating information filed and approved pursuant to N.J.S.A. 17:29A-1 et seq., and may provide this information to their member/subscriber insurers upon request.

(d) Rating organizations and advisory organizations shall continue to develop and file rules, relativities and other supplementary rate information on behalf of their member/subscriber insurers.

N.J. Admin. Code § 11:4-9.3

Amended by R.2001 d.7, effective 1/2/2001.
See: 32 N.J.R. 3546(a), 33 N.J.R. 101(a).
Rewrote (c).
Amended by R.2006 d.132, effective 4/17/2006.
See: 37 N.J.R. 4859(a), 38 N.J.R. 1743(a).
Section heading was Prospective loss costs filing requirements for rating organizations; rewrote the section.