Title 17, Title 17: CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

17:33B-39. Penalty for violation If the commissioner, after notice and hearing, finds that any insurer or its authorized representative has violated any provision of sections 42 through 46 or section 48 of this act, he shall order the payment of a penalty, to be collected by the …

17:33B-4. Liability under deferred payment plan Notwithstanding any provision of law to the contrary, no insured or other person covered under an association policy shall be held liable for payment of any claim attributable to damages subject to a deferred payment plan implemente…

17:33B-40. Dissemination of information; exemption or deferral under certain circumstances a. The Commissioner of Insurance, in regulations implementing the provisions of sections 41 through 47 of this act, shall also require that insurers take appropriate action to ensure that t…

17:33B-41 Cancellation for nonpayment of premium; suspension of registration. 50. a. Upon the termination of a policy of motor vehicle liability insurance by cancellation for nonpayment of premium pursuant to section 2 of P.L.1968, c.158 (C.17:29C-7), notice of that cancellation …

17:33B-42. Implementation of procedures or practices to control costs The Commissioner of Insurance may order insurers writing automobile insurance in this State to implement any procedure or practice that he deems necessary to more effectively control the cost of providing perso…

17:33B-43. Structured settlement If an insurer, the New Jersey Automobile Full Insurance Underwriting Association, the trustee appointed pursuant to section 21 of this 1990 amendatory and supplementary act, the Market Transition Facility created pursuant to section 88 of this act…

17:33B-44. Reduction in base rates for use of anti-theft or safety devices The Commissioner of Insurance is authorized to order reductions in the base rates of comprehensive, collision, physical damage, or any combination of these coverages, as appropriate, for private passenger …

17:33B-45. Approved motor vehicle defensive driving course a. An approved motor vehicle defensive driving course shall include that number of hours of classroom or field driving instruction, or both, as the Director of the Division of Motor Vehicles may by regulation prescribe. T…

17:33B-45.1. Rate reduction for automobile insurance after approved defensive driving course 1. a. Within 180 days of the effective date of this act, every rate filing for private passenger automobile insurance shall contain an appropriate reduction for personal injury protection…

17:33B-48. Storage expense not included No insurer or rating organization shall include any expense for storage of a private passenger automobile for more than 30 days into the base for determining private passenger automobile insurance rates used or to be used in this State. L.1…

17:33B-49. Annual surtax on premiums, terms defined, revenues credited to New Jersey Automobile Insurance Guaranty Fund a. In addition to the tax on net premiums paid pursuant to section 1 of P.L.1945, c.132 (C.54:18A-1), each taxpayer under that section shall pay to the Director…

17:33B-50. Adjustment of rate of surtax a. The Director of the Division of Taxation is hereby authorized to adjust the rate of the surtax imposed pursuant to section 76 of this 1990 amendatory and supplementary act, for any of the calendar years in which the surtax is imposed, as…

17:33B-51. Private passenger automobile insurance policyholders not to pay surtax The Commissioner of Insurance shall take such action as is necessary to ensure that private passenger automobile insurance policyholders shall not pay for the surtax imposed pursuant to section 76 o…

17:33B-52. Exemption, abatement, deferral of surtax imposed on insurer pursuant to C.17:33B-49 if insurer is in unsafe or unsound financial condition a. The commissioner shall, after hearing, notify the director to exempt, abate or defer, in whole or in part, the surtax imposed o…

17:33B-53. Exemption, abatement, deferral of surtax imposed on insurer pursuant to C.17:33B-49 if result will be financial condition of insurer becoming unsafe or unsound The commissioner may provide that the director exempt, abate or defer, in whole or in part, the surtax impose…

17:33B-54. Payment of exempted, abated, deferred surtax on insurer After the exemption, abatement or deferral of a surtax on an insurer pursuant to the provisions of section 98 or 99 of this 1990 amendatory and supplementary act, is revoked, the commissioner may order that the di…

17:33B-55. Exemption, abatement, deferral of payment of assessment if insurer is in unsafe or unsound financial condition a. The commissioner shall, after hearing, provide that the New Jersey Property-Liability Guaranty Association exempt, abate or defer, in whole or in part, the…

17:33B-56. Exemption, abatement, deferral if payment of assessment will result in insurer's financial condition becoming unsafe or unsound The commissioner may provide that the association exempt, abate or defer, in whole or in part, the assessment on any member insurer imposed p…

17:33B-57. Exempted, abated, deferred assessment to be assessed against other member insurers If an assessment against a member insurer is exempted, abated or deferred pursuant to the provisions of section 95 or 96 of this 1990 amendatory and supplementary act, the amount by whic…

17:33B-58 $100 annual fee to be assessed by Board of Medical Examiners. 63. The State Board of Medical Examiners shall assess an annual fee in the amount of $100 payable by: a. Each physician licensed to practice medicine or surgery in this State pursuant to the provisions of R.S…

17:33B-59. $100 annual fee to be assessed by Board of Chiropractic Examiners The State Board of Chiropractic Examiners shall assess an annual fee in the amount of $100, payable by each person licensed in this State to practice chiropractic and registered pursuant to the provision…

17:33B-6. Residual market equalization charges, or flat charges, no longer imposed after April 1, 1991 Notwithstanding any of the provisions of sections 13 to 34 of P.L.1983, c.65 (C.17:30E-1 et seq.), section 1 of P.L.1984, c.1 (C.17:29A-37.1) or any other law, to the contrary, …

17:33B-60. $100 annual fee to be assessed by Board of Physical Therapy The State Board of Physical Therapy shall assess an annual fee in the amount of $100, payable by each person licensed or registered in this State as a physical therapist pursuant to the provisions of P.L.1983,…

17:33B-61. $100 annual assessment of auto body repair facilities The Director of the Division of Motor Vehicles in the Department of Law and Public Safety shall assess an annual fee in the amount of $100, payable by each auto body repair facility licensed pursuant to the provisio…

17:33B-62. $100 annual assessment of lawyers The State Treasurer shall assess an annual fee in the amount of $100, payable by each person licensed to practice law in this State who has engaged in the practice of law for at least one year. Fees imposed pursuant to this section sha…

17:33B-63. Additional registration fees; exemptions 68. a. In addition to the registration fees imposed pursuant to Article 2 of chapter 3 of Title 39 of the Revised Statutes, the Director of the Division of Motor Vehicles shall impose and collect additional registration fees as …

17:33B-64. Findings, declarations relative to automobile insurance 1. The Legislature finds and declares: a. There continues to be a need to improve and expand the availability of automobile insurance in certain urban geographic areas of the State. To better serve consumers' need…

17:33B-7. Payment of premiums on installment basis Any plan for the payment of premiums payable to the New Jersey Automobile Full Insurance Underwriting Association on an installment basis for policies issued for a one-year period shall provide for installment payments during a p…

17:33B-8. Written notice needed for cancellation due to nonpayment of premium a. No New Jersey Automobile Full Insurance Underwriting Association policy may be cancelled for nonpayment of premium unless written notice is provided at least 15 days prior to the effective date of ca…

17:33B-9. List of licensed insurance brokers; producer assignment program a. The Commissioner of Insurance shall, on or before October 1, 1990, compile a list of insurance brokers licensed pursuant to the "New Jersey Insurance Producer Licensing Act," P.L.1987, c.293 (C.17:22A-1 …

17:33C-1. Definitions relative to automobile insurance urban enterprise zone program 19. As used in sections 19 through 23 of this amendatory and supplementary act: "Automobile" means an automobile as defined pursuant to subsection a. of section 2 of P.L.1972, c.70 (C.39:6A-2). "…

17:33C-2. Automobile insurance urban enterprise zone program 20. a. The commissioner shall establish in a fair and equitable manner an automobile insurance urban enterprise zone program designed to encourage greater availability of automobile insurance in certain urban areas of t…

17:33C-3. Standards for qualified insurer 21. a. The commissioner shall establish by regulation standards for a qualified insurer. These standards may include, but not be limited to, demonstration by the automobile insurer that it has a plan to increase access to automobile insur…

17:33C-4. UEZ agents 22. a. A qualified insurer may appoint a UEZ agent or agents. Any appointment of a UEZ agent shall comply with the provisions of section 15 of P.L.1987, c.293 (C.17:22A-15), except when there is a conflict with a provision of this amendatory and supplementary…

17:33C-5. Study on effect of territorial rating caps; report 23. a. The commissioner shall study the effect of territorial rating caps imposed on automobile insurance rates pursuant to section 7 of P.L.1983, c.65 (C.17:29A-36). The study shall include an evaluation of the general…

17:35-1. Application of article Any corporation organized to insure lives, which provides for the payment of policy claims, the accumulation of reserve or emergency funds, and the expense of the management and prosecution of the business by payments to be made either at periods n…

17:35-10. Fixing fee, rates, etc.; evidence of notices The directors or trustees, or the persons designated in the bylaws of any corporation subject to the provisions of this article shall fix the fee rates and amounts of premiums, assessments or periodical calls, the time and ma…

17:35-11. Eligibility for insurance; insurable interest; assignment No corporation transacting the business of life insurance under this article shall issue a certificate or policy upon the life of any person more than sixty years of age, except in case of transfer of policyholde…

17:35-12. Reinsurance No such corporation of this state shall transfer its risks to or insure them in another corporation, unless the contract of transfer or reinsurance is first submitted to and approved by a two-thirds vote of a meeting of the insured called to consider the sam…

17:35-13. Provisions of policies or certificates; payment of loss Every policy or certificate issued by a corporation doing business under this article, and promising payment to be made upon a contingency of death or physical debility, shall specify the sum of money which it prom…

17:35-14. Action to enjoin corporation from transacting further business When the commissioner, upon investigation, is satisfied that any such corporation of this State is insolvent because of matured death claims, or other obligations due and unpaid, exceeding its assets and dea…

17:35-14.1. Mutual life insurance company, conversion of assessment company into; requirements Any assessment life insurance company incorporated under chapter one hundred forty-seven of the laws of one thousand eight hundred and ninety-seven, now chapter thirty-five of Title 17 …

17:35-14.2. Reserves; policies in force at date of conversion; assessment rights cancelled Upon fulfillment of the requirements prescribed in section one hereof: (a) The mutual life insurance company shall be subject to the same requirements as to reserves as any other mutual lif…

17:35-15. Application of article This article shall not apply to a secret or fraternal society conducting its business on the lodge system, or to any association organized solely for benevolent or charitable purposes.

17:35-16. Authorization to do business; requirements Any corporation or association organized under the laws of another state of the United States for the purpose of furnishing life, sickness or accident insurance upon the assessment plan, or that is carrying on the business of l…

17:35-17. Certificates to agents After authorizing the corporation or association to do business in this state, as provided in this article, the commissioner shall issue certificates to agents thereof, to be designated by the corporation or association authorizing them to act. Th…