New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 3 - AUTOMOBILE INSURANCE
Subchapter 16B - RATE PROCESS FOR LIMITED RATE CHANGES; CALCULATIONS FOR PRIVATE PASSENGER AUTOMOBILE INSURANCE RATE CHANGES
Section 11:3-16B.1 - Purpose and scope
Universal Citation: NJ Admin Code 11:3-16B.1
Current through Register Vol. 56, No. 6, March 18, 2024
(a) The purpose of this subchapter is to set forth the process for a private passenger automobile insurer or rating organization to file limited rate changes to its rating system as permitted by 17:29A-46.6.
(b) This subchapter shall also apply to rates filed by:
1. All insurers, affiliated groups
of insurers and rating organizations writing or transacting private passenger
automobile insurance in the voluntary market in this State; and
2. The New Jersey Personal Automobile
Insurance Plan.
(c) These rules shall apply to base rate changes by coverage and territory, including expense fees, as well as to increased limit and deductible relativity factor changes. Classification factor changes will also be permitted to the extent necessary for filers to maintain compliance with 17:29A-36(c).
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