New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 3 - AUTOMOBILE INSURANCE
Subchapter 1 - COMMERCIAL AUTOMOBILE INSURANCE PLAN
Section 11:3-1.1 - Purpose and scope
Universal Citation: NJ Admin Code 11:3-1.1
Current through Register Vol. 56, No. 6, March 18, 2024
(a) This subchapter establishes a plan pursuant to N.J.S.A. 17:29D-1:
1. To provide personal private passenger
automobile insurance coverage for automobiles owned or operated by qualified
applicants subject to the conditions stated; and
2. To provide insurance coverage for all
motor vehicles other than private passenger vehicles owned or operated by
qualified applicants, subject to the conditions stated.
(b) The purposes of this subchapter are:
1. To preserve to the public the benefits of
price competition by encouraging maximum use of the voluntary insurance
system;
2. To establish a procedure
for the equitable distribution of private passenger automobile risks to
assigned companies as defined by the PAIP and as set forth in the AIP plan of
operation; and
3. To establish a
procedure with respect to all motor vehicles other than private passenger
vehicles for the sharing of premiums, losses, and expenses among all insurers
who are participants in New Jersey.
(c) The provisions of this subchapter shall apply to all insurers admitted to transact and transacting automobile insurance in this State, except as otherwise provided in this subchapter.
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