New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 3 - AUTOMOBILE INSURANCE
Subchapter 8 - ACCEPTANCE, RENEWAL, NONRENEWAL AND CANCELLATION OF AUTOMOBILE INSURANCE POLICIES
Section 11:3-8.2 - Definitions
The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise.
"Acceptance criteria" means the written standards by which an insurer accepts or rejects new business, and/or renews or nonrenews existing business as set forth in 11:3-8.1 2.
"Commissioner" means the Commissioner of the New Jersey Department of Banking and Insurance.
"Department" means the New Jersey Department of Banking and Insurance.
"Ineligible person" means a person who does not meet the definition of an eligible person in 11:3-34.4(a).
"Information" means any facts, documents, information and representations that are intentionally disclosed, or not disclosed, by an insured, applicant or covered person to an insurer or its representative that would materially affect the coverage, the premium or the benefits under a policy of insurance.
"Insurance score" means a number or rating, including that which is derived from an algorithm, computer application, model or other process, that is based in whole or part on credit information.
"Insurer" includes a group of affiliated companies.
"Nonrenewal" means the termination of coverage at the end of the policy period. Nonrenewal occurs when a notice of nonrenewal is sent to the insured in accordance with these rules.
"Producer" means any person or business entity, licensed pursuant to N.J.S.A. 17:22A-1 et seq., that earns $ 10,000 or more in commissions from an insurer in the prior calendar year.
"Renew" means to issue and deliver at the end of the policy period a policy superseding a policy previously issued and delivered, or to issue and deliver a certificate or notice extending the term of a policy beyond its policy period or term, by the same individual insurance company, or by another of a group of affiliated companies pursuant to a rating plan, filed and approved in accordance with N.J.A.C. 11:3-19A.
"Tier rating plan" means a rating system used by an insurer that provides different rates for different risks to those insureds who qualify in accordance with the insurer's approved tier placement criteria, which have been filed and approved in accordance with N.J.A.C. 11:3-19A.
