New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 3 - AUTOMOBILE INSURANCE
Subchapter 12 - AUTOMOBILE RATE FILERS: FLATTENING OF PREMIUM TAXES AND ASSESSMENTS MADE FOR UNSATISFIED CLAIM AND JUDGMENT FUND
Section 11:3-12.4 - Tax; general provisions
Universal Citation: NJ Admin Code 11:3-12.4
Current through Register Vol. 56, No. 6, March 18, 2024
(a) Pursuant to 17:29A-33 et seq., each automobile filer shall calculate and collect taxes for its insureds on a flat uniform fee basis per insured automobile statewide.
1.
The flat and uniform fee per insured automobile required in (a) above shall be
included in all new or renewal automobile policies issued on or after January
1, 1984.
(b) The fee shall be charged on any additional automobile which is acquired during the policy period. The amount of the fee shall be proportional to the remainder of the policy term.
(c) In the event of the cancellation of the policy or the deletion of the automobile from a policy, the fee shall be refunded in proportion to the earned premium for the period that the policy or coverage on the deleted automobile was in force.
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