New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 3 - AUTOMOBILE INSURANCE
Subchapter 20 - REPORTING FINANCIAL DISCLOSURE AND EXCESS PROFITS
Section 11:3-20.11 - Supplemental filings
Universal Citation: NJ Admin Code 11:3-20.11
Current through Register Vol. 56, No. 24, December 18, 2024
(a) An insurer may request permission to supplement its excess profit report filing due to good faith error or excusable mistake by submitting a written request to the Department containing the following:
1. The
reasons why the insurer believes that a supplemental filing is
necessary;
2. A brief but complete
description of the nature of the information to be contained in the
supplemental filing (Note: The actual supplemental filing should not be
submitted until the insurer is notified that the request has been approved);
and
3. The reasons why the insurer
failed to provide this information in its initial excess profit report
filing.
(b) The Commissioner shall either approve or disapprove the request, in writing, within 30 days after the request is received by the Department. If the insurer is notified that its request is approved, the insurer shall submit the supplemental filing to the Department within 10 days after the receipt of such notification.
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