New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 3 - AUTOMOBILE INSURANCE
Subchapter 16A - PRIVATE PASSENGER AUTOMOBILE INSURANCE TERRITORIAL RATING PLANS
Section 11:3-16A.3 - General requirements
Universal Citation: NJ Admin Code 11:3-16A.3
Current through Register Vol. 56, No. 6, March 18, 2024
(a) Every insurer, including the PAIP, shall have an approved territorial rating plan, which shall include a territory map, territorial relativity factors and territorial base rates that are in accordance with the provisions of 17:29A-48 et seq. and 17:29A-36, and this subchapter.
1. Insurers shall use
the same territory map for basic and standard policies.
(b) The territory map in the insurer's territorial rating plan shall be one of the following:
1. The common territory map;
2. The territory map approved by the
Commissioner for the rating organization of which the insurer is a member;
or
3. An individual territorial
plan developed by the insurer and approved by the Commissioner in accordance
with this subchapter.
Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
