New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 1 - ADMINISTRATION
Subchapter 43 - UNUSUAL HARDSHIP FOR COVERED CLAIMS UNDER THE NEW JERSEY PROPERTY-LIABILITY INSURANCE GUARANTY ASSOCIATION AND NEW JERSEY SURPLUS LINES INSURANCE GUARANTY FUND
Section 11:1-43.2 - Definitions

Universal Citation: NJ Admin Code 11:1-43.2
Current through Register Vol. 56, No. 24, December 18, 2024

The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise.

"Association" means the New Jersey Property-Liability Insurance Guaranty Association established pursuant to N.J.S.A. 17:30A-1 et seq.

"Commissioner" means the Commissioner of the New Jersey Department of Banking and Insurance.

"Covered claim" is as defined in N.J.S.A. 17:30A-5 or N.J.S.A. 17:22-6.72, as applicable.

"Department" means the New Jersey Department of Banking and Insurance.

"Due date" means the final date set by the court for the filing of claims against the liquidator or receiver of an insolvent insurer, or, in the event a final date is not set by the court for the filing of claims against the liquidator or receiver of an insolvent insurer, two years from the date of the order of liquidation.

"Fund" means the New Jersey Surplus Lines Insurance Guaranty Fund established pursuant to N.J.S.A. 17:22-6.70 et seq.

"Insolvent insurer" is as defined at N.J.S.A. 17:30A-5 or N.J.S.A. 17:22-6.72, as applicable.

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