New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 88 - OFFICE OF INSURANCE FRAUD PROSECUTOR
Subchapter 2 - INSURER REPORTING REQUIREMENTS
Section 13:88-2.4 - Claims reporting
Current through Register Vol. 56, No. 18, September 16, 2024
(a) Insurers shall report to the OIFP or, in the alternative, to ISO using the ISO Universal Format (incorporated herein by reference in the subchapter Appendix), all motor vehicle losses closed with payment and all motor vehicle losses closed without payment as follows:
(b) Each insurer shall notify the OIFP of its intention to comply with this chapter by reporting directly to the OIFP or providing the information through ISO and the ISO Universal Format. Insurers shall also indicate which of the data elements listed in the Appendix they collect during the normal course of business on stolen vehicle and automobile accident claims. Notice need only be made once, unless a carrier changes its method of compliance, in which case it shall submit an updated notice. Any carrier, which newly becomes subject to this reporting requirement, shall submit its notice within 30 days of becoming subject to this chapter. Notice shall be in writing and directed to: All Claims Database Unit, OIFP, PO Box 094, Trenton, NJ 08625-0094.
(c) Once reporting under (a) above has begun, insurers shall submit the data referenced in (a) above within 30 days of the closing of the claim.
(d) Insurers unable to meet the reporting deadlines established in these rules may apply in writing to the OIFP for an extension of the reporting deadlines. The OIFP shall grant reasonable extensions of time for good cause.