N.J. Stat. § 52:27EE-50

Current through L. 2024, c. 80.

Section 52:27EE-50 - Division of Rate Counsel; required notices to the division

The Division of Rate Counsel shall receive a copy from the filer of any prior approval rate filing seeking consumer insurance rate increases, including any amendments or supplements thereto. A copy of such rate filing shall be received by the Division of Rate Counsel concurrent with any rate filing with the Commissioner of Banking and Insurance; except, however, the filer is not required to provide a copy of such rate filing with the Division of Rate Counsel if:

(a) the filing is an expedited prior approval rate filing made pursuant to either section 34 of P.L. 1997, c. 151(C.17:29A-46.6) or section 3 of P.L. 2001, c. 409(C.17:36-5.35); or

(b) the filing is made pursuant to any statutory change in coverage provided under a policy of private passenger automobile insurance; or

(c) the filing is a prior approval rate filing of seven percent or less.

N.J.S. § 52:27EE-50

Added by L. 2005, c. 155, s. 50, eff. 1/17/2006.