New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 3 - AUTOMOBILE INSURANCE
Subchapter 24 - DEFENSIVE DRIVING RATE REDUCTIONS
Section 11:3-24.3 - Rate reduction filing requirements

Universal Citation: NJ Admin Code 11:3-24.3

Current through Register Vol. 56, No. 6, March 18, 2024

(a) Every insurer shall include in its rules for automobile insurance coverage rate reductions for the successful completion of a defensive driving course.

(b) The rate reduction for the completion of a defensive driving course should be a minimum of five percent and is to apply to the base premium before expense fees are added for bodily injury liability, property damage liability, personal injury protection and collision coverages. Insurers may use external sources and/or actuarial experience to justify a discount different than five percent.

(c) Insurers shall disclose the application of the rate reduction on each Declarations page during the period for which the rate reduction is applied.

(d) Insurers shall maintain separate defensive driving experience statistics until coding by statistical agents for persons receiving the discount is implemented.

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