N.J.A.C. 11:4 — ACTUARIAL SERVICES (Subchapter 1 to 62)

(a) This subchapter establishes data requirements and filing procedures for participating insurers in rating organizations or advisory organizations to adopt or modify a rating organization's or advisory organization's approved prospective loss costs. (b) This subchapter applies …

The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise: "Advisory organization" means any group, association or other organization of insurers, whether located within or outside this State, th…

(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 ass…

(a) In order for an insurer to incorporate a rating organization's or advisory organization's approved prospective loss costs to establish its own rates, an insurer shall: 1. Be a participating insurer in the rating organization; and 2. File its loss costs multiplier using the Fi…

Rating organizations, advisory organizations and insurers which fail to comply with the filing submission requirements of this subchapter shall be subject to penalties as provided by law. Notes N.J. Admin. Code § 11:4-9.5 Amended by R.2006 d.132, effective 4/17/2006. See: 37 N.J.…