New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 3 - AUTOMOBILE INSURANCE
Subchapter 20 - REPORTING FINANCIAL DISCLOSURE AND EXCESS PROFITS
Section 11:3-20.4 - General reporting requirements

Universal Citation: NJ Admin Code 11:3-20.4

Current through Register Vol. 56, No. 24, December 18, 2024

(a) The data in the reports required by this subchapter shall be for New Jersey voluntary private passenger automobile insurance and the Personal Automobile Insurance Plan only.

(b) Each private passenger automobile insurer, except as provided in (e) below, shall annually file with the Commissioner the data and information required by this subchapter on or before July 1 of each year.

(c) The data required by this subchapter shall be e-mailed to the Department at the address identified either on the Department's website (www.state.nj.us/dobi) or by telephone call to the Department's main number, (609) 292-5360. Data shall be submitted in the format set forth in Exhibits found in the Appendix to this subchapter, incorporated herein by reference, and provided in the format posted on the Department's website. The spreadsheet with data requirements and formulas will be posted by the Department by April 1 of each year, along with a list of differences from the previous year. Companies may download from the Department website or submit a blank CD-ROM and self-addressed, stamped mailer to receive copies of the Microsoft Excel spreadsheets for current and future use in the excess profit reports required pursuant to this subchapter.

(d) The information shall be provided with respect to the insurer's New Jersey private passenger automobile insurance business separately for each of the following coverages:

1. Personal injury protection, including all options;

2. Bodily injury liability, including uninsured and underinsured motorist coverages, all reported at total limits;

3. Property damage liability reported at the total limits; and

4. Physical damage, consisting of comprehensive and collision coverages, including all deductibles.

(e) Any insurer having fewer than 150 combined earned car years of exposure in New Jersey during the three calendar-accident years immediately preceding the date the excess profit report is due shall file a certification to that effect that shall include the total earned car years, in lieu of all other requirements of this subchapter. Insurers that were eligible to file such a certification and who did not have an active rating system as of December 31 of the previous year need not submit anything to the Department.

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.