New Jersey Administrative Code
Title 12 - LABOR AND WORKFORCE DEVELOPMENT
Chapter 235 - RULES OF THE DIVISION OF WORKERS' COMPENSATION
Subchapter 12 - SURCHARGE COLLECTION PROCEDURES
Section 12:235-12.7 - Earned premium notification
Universal Citation: NJ Admin Code 12:235-12.7
Current through Register Vol. 56, No. 18, September 16, 2024
Until calendar year 1999, insurers are required to notify the Department of Banking and Insurance of the amount of standard earned premiums for the period of January 1 to December 31 of each calendar year by August 31 of the immediately following year. Starting with calendar year 1999 and every year thereafter, insurers are required to notify the Department of Banking and Insurance of the amount of modified premiums for the period of January 1 to December 31 of each calendar year by August 31 of the immediately following year. Such premium shall be used in the determination of the annual policyholder surcharge rate applicable during the next policy year.
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