New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 4 - ACTUARIAL SERVICES
Subchapter 9 - PERSONAL LINES INSURANCE: PROSPECTIVE LOSS COSTS FILING PROCEDURES
Section 11:4-9.3 - Prospective loss cost filing requirements for rating organizations and advisory organizations

Universal Citation: NJ Admin Code 11:4-9.3

Current through Register Vol. 56, No. 18, September 16, 2024

(a) Rating organization or advisory organization advisory prospective loss cost filings shall be submitted to the Commissioner and shall include the advisory prospective loss costs and the underlying loss data and other supporting actuarial information for any calculations or assumptions underlying those loss costs. Filings of prospective loss costs shall be filed and become effective in accordance with 17:29A-1 et seq. and N.J.A.C. 11:1-2.

(b) Rating organizations or advisory organizations that file prospective loss cost filings with the Commissioner shall not develop or file minimum premiums.

(c) Rating organizations and advisory organizations shall provide the Department with printed manuals of prospective loss costs, as well as rules and other supplementary rating information filed and approved pursuant to 17:29A-1 et seq., and may provide this information to their member/subscriber insurers upon request.

(d) Rating organizations and advisory organizations shall continue to develop and file rules, relativities and other supplementary rate information on behalf of their member/subscriber insurers.

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