New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 4 - ACTUARIAL SERVICES
Subchapter 7 - PROCEDURE FOR THE REGULATION OF CONSENT TO HIGHER RATE FILINGS
Section 11:4-7.1 - Purpose and scope
Universal Citation: NJ Admin Code 11:4-7.1
Current through Register Vol. 56, No. 6, March 18, 2024
(a) The purpose of this subchapter is to establish standards and procedures whereby insurers may apply to the Commissioner to obtain approval to charge additional premium for any risk in which the developed manual premium does not adequately reflect the additional hazard being insured.
(b) This subchapter shall apply to both commercial and personal lines that utilize a manual rate that has been filed with the Department in accordance with 17:29A-1 et seq. and 17:29AA-1 et seq.
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