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The Function of Property and Prey
Property & Casualty Staff
NJ Department of Banking and Insurance 20 W. State St. PO Box 325 Trenton, NJ 08625-0325 Phone: 609-292-7272 PO Box 325 Trenton, NJ 08625-0325
Important Notice The following contacts are for Insurance Companies only. If you are a consumer, for help please phone call our Consumer Hotline 1-800-446-7467 or visit our Consumer Inquiries page. Questions on Producer Licensing should be directed to the Insurance Licensing Department. Questions virtually Workers' Compensation should be directed to the New Jersey Compensation Rating and Inspection Bureau at (973) 622-6014. Homeowners, Habitation Fire, Championship, Personal Inland Marine, Pet Health, Flood, Commercial Lines excluding Machine, Professional Liability and Medical Malpractice Bill Horner Manager E-mail: Bill.Horner@dobi.nj.gov Phone: 609-940-7525 Personal and Commercial Machine, Personal Umbrella, Medical Malpractice and Professional Liability Carmen Williams Manager E-mail: Carmen.Williams@dobi.nj.gov Phone: 609-940-7602
Data for All Lines
Organization for Electronic Rate and Course Filing (SERFF)
Effective January one, 2009 the Office of Property and Prey, and the Office of Solvency Regulation volition no longer accept any personal or commercial lines rate, rule and forms filings submitted to the Department other than through SERFF in accordance with N.J.A.C. eleven:1-2.1. Any property and prey, and purchasing group newspaper filings received afterwards December 31, 2008 will be closed and returned to the company without review. Insurers, rating organizations, and authorized filers may sign upwards to use the SERFF organization by contacting the SERFF marketing team at serffmktg@naic.org. For holding/casualty SERFF information in New Jersey contact Candace Speck or Harry Davenport.
Withdrawal of Business
Informational Withdrawal A withdrawal informational filing must be submitted to the Department in order to withdraw from writing a program or line of insurance in New Jersey.  The Office of Property and Casualty on behalf of the Commissioner of the Department of Cyberbanking and Insurance is responsible for the review of such transactions pursuant to Due north.J.Southward.A. 17:17-ten and 17:33B-30 and N.J.A.C. xi:2-29.ane et seq., the statutes and regulations governing withdrawals. In accordance with N.J.S.A. 17:17-10b and North.J.A.C. xi:2-29.three, not-renewals shall not commence prior to 1 calendar year and 90 days following the submission of the informational filing, a discover of not-renewal shall be sent to every policyholder no later than one yr preceding the date of non-renewal, and the non-renewal period shall not exceed 3 years. Pursuant to N.J.A.C. 11:2-29.4, an insurer may asking a waiver of the 1-year and 90 day waiting period pursuant to N.J.S.A. 17:17-10b(two) or 17:33B-30a(2), a waiver of the requirement to send non-renewal notices no later than ane year prior to the dates of the non-renewals gear up along in N.J.S.A. 17:17-10b(three) and 17:33B-30a(3), and a waiver of the maximum three twelvemonth non-renewal period set up along in N.J.S.A. 17:17-10b(four) and 17:33B-30a(4).  If waivers are requested, the informational filing must be submitted at least 120 days prior to the proposed appointment of initial non-renewal. The informational filing should contain the following: Reason for the Withdrawal Copy of the Policyholder Notice of Intent to Withdraw pursuant to N.J.S.A. 17:17-10b(one), 17:33B-30a(one) and Due north.J.A.C. eleven:ii-29.3(h) (run across Sample Notice for Single Line and for Multiple Lines) If no waivers are requested, a copy of the one-year non-renewal detect required pursuant to Due north.J.Due south.A. 17:17-10b(iii) and 17:33B-30a(3) Copy of the producer notice Copy of the non-renewal observe (come across Sample Find for Unmarried Line and for Multiple Lines) The lines of insurance and/or programs(southward) to be withdrawn The number of exposures and number of policies to be non-renewed The total in-strength premium touch on as a issue of the transaction.  For multiple lines and/or programs, provide the premium separately. Marketplace share by line including the following: For Private Rider Automobile insurance, exposures past territory For Homeowners' insurance, exposures by wind map zippo codes and, separately, whatsoever boosted aught codes that autumn inside the insurer's definition of "coastal area" A listing of producers and their current business organisation addresses Provide the proposed duration of the non-renewal of the volume of business concern Pursuant to N.J.A.C. 11:2-29.5, if a replacement carrier is utilized, then it must meet the following requirements: The replacement carrier must exist authorized to transact the line or lines of business concern being transferred. The replacement carrier must demonstrate to the satisfaction of the Department that it volition exist able to maintain a net premium-to-surplus ratio of not more than 2.v to one for five years subsequently the transfer. The replacement carrier must certify that it will comply with N.J.Southward.A. 17:22-vi.14a(n) with respect to agents' rights. If the replacement carrier has not transacted the particular line involved in the transfer, then the replacement carrier must demonstrate that it possesses the requisite services and experience such that its methods of operation will not be hazardous to the policyholders of this state. If the replacement carrier is non domiciled in this Country, then the replacement carrier must provide evidence that it has notified its domiciliary regulator of its intent to presume the business, and that the domiciliary regulator does not object to such activity. For inter-company transfers, the requirements nether N.J.A.C. 11:two-29.v for replacement carriers may non be applicable. Block Not-Renewal Plans for cake not-renewals and cake cancellations are bailiwick to N.J.A.C. eleven:1-22.1 through xi:1-22.three and must be submitted 30 days prior to the issuance of whatever notice of non-renewal or cancellation.  In accordance with N.J.A.C. xi:1-22.2, the program shall contain the post-obit: The reason(southward) for the cake not-renewal or block cancellation and the names of all companies involved The line of insurance or program affected The number of policies or exposures beingness non-renewed or cancelled The company'south market share for the afflicted line of business The criteria being used for the cake not-renewal or block cancellation Copy of the proposed non-renewal notice or counterfoil detect (see Sample Observe)
Commercial Motorcar
All commercial motor vehicles registered or principally garaged in New Jersey are mandated by law to maintain automobile liability insurance, N.J.Due south.A. 39:6B et seq. Commercial automobile coverage may exist obtained on a voluntary basis or through a licensed producer certified by the New Bailiwick of jersey Auto Insurance Programme. Commercial auto voluntary submissions are subject to the Deregulation Human action of 1982, Due north.J.S.A. 17:29AA-i et seq. Rate/rule submissions are field of study to North.J.Due south.A. 17:29AA-5 and N.J.A.C. eleven:13-viii.ane, Use and File inside 30 days. Course submissions are bailiwick to North.J.S.A. 17:29AA-6 and N.J.A.C. xi:13-2.1(c), File and Utilise 30 days prior to use. Implementation of ID Card Rule - N.J.A.C.  xi:3-half-dozen  Guaranty Fund Surcharge - N.J.A.C. eleven:1-6.1 (See Orders)
NJ Commercial Automobile Insurance Plan (CAIP)
Established January one, 1984 under N.J.S.A. 17:29D-1 and implemented by N.J.A.C. eleven:3-i.2, to provide coverage for a commercial automobile risk unable to obtain coverage in the voluntary market. Rates, rules and forms are bailiwick to prior approval by the Commissioner before existence implemented. CAIP may exist contacted at: New Bailiwick of jersey Commercial Machine Insurance Plan Mount Laurel Corporate Center 10000 Midlantic Bulldoze Suite 403 West Mount Laurel, NJ 08054 Telephone: one-800-652-2471 or 856-722-0030
Commercial Lines Other Than Commercial Automobile
Commercial lines submissions are processed in accordance with the Commercial Lines Deregulation Human action, Due north.J.S.A. 17:29AA-one et seq. and North.J.A.C. 11:13 et seq. Rates/Rules are subject field to Due north.J.S.A. 17:29AA-5 and N.J.A.C. 11:thirteen-8.1, Use and File within 30 days. Forms are subject field to N.J.Due south.A. 17:29AA-half-dozen, File and Use 30 days prior to condign effective. There exists certain commercial lines which are exempt from the Department of Banking and Insurance filing requirements. These items are contained on the Commissioner's Special Risks Listing and the Commissioner's Exportable Listing (Encounter Guild No. A15-109), Due north.J.A.C. xi:1-34.half dozen. Each year end, a hearing is held to discuss the exportable listing contents. Additions and/or deletions to the list occur as a consequence of these annual hearings. The definition of "Special Take chances" in accordance with The Commercial Lines Deregulation Human action, N.J.South.A. 17:29AA—3k is those lines as specified on the Special Take a chance List, commercial lines insurance risks that produce minimum annual premiums in backlog of $x,000, inland marine insurance or fidelity, surety or forgery bonds. Guaranty Fund Surcharge - Northward.J.A.C. 11:1-half dozen.ane (See Orders)
Personal Automobile
All private passenger vehicles are mandated past police to maintain motorcar liability insurance, N.J.S.A. 39:6A et seq. Personal motorcar coverage may be obtained on a voluntary ground or through the New Jersey Personal Car Insurance Plan.
Rates, Rules and Forms are subject to prior approving by the Commissioner and must be filed in accordance with N.J.South.A. 17:29A et seq. Other pregnant statutes and regulations are listed below: PPA Prior Approving Rate Changes - North.J.A.C. 11:3-xvi Appendix A (checklist) Showroom B Limited Auto Rate Filing Calculations for PPA Rate Changes - N.J.A.C. 11:3-16B Appendix A (checklist) Exhibit B Please Note for Appendix A and Showroom B All filings shall be accompanied by the following certification signed past an officer of the filer: "I _______ certify that the attached filing complies with all statutory and regulatory requirements and that all the information it contains is true and accurate. I further certify that I am authorized to execute this certification on behalf of the filer."
Calculation of Maximum Expenses for Prior Approving/Limited Auto Charge per unit Filings June 2021 - May 2022 (including 2021 Backlog Profit Filings; effective 06/01/2021) June 2020 - May 2021 (including 2020 Backlog Profit Filings; constructive 06/01/2020) Requirements for Filing a Downward Deviation in Currently Approved Rates - N.J.A.C. 11:1-16 Guaranty Fund Surcharge - North.J.A.C. eleven:i-6.ane (See Orders) Mass Marketing of Property and Liability Insurance - N.J.A.C. 11:2-12.1 New Jersey Plain Language Law - Northward.J.A.C. xi:ii-18.i Renewal and Nonrenewal of Automobile Insurance Policies - N.J.A.C. 11:3-8 Counterfoil of Machine Policies - N.J.Southward.A. 17:29C-6 Implementation of ID Card Rule - Northward.J.A.C.  xi:3-6 Discover to Policyholders of Consumer Charge per unit Increases (Per N.J.S.A. 52:27EE-51 and Due north.J.A.C. 11:i-45.i) - Notices must be sent to policyholders and the Division of Rate Counsel must be copied on all prior approval increases over 7% or when an insurer has filed for 1 or more prior approval rate filing(s) for implementation within a 12 month menses and the impact of the filing(due south) is a combined overall increase of more seven per centum. Delight Annotation: The Division of Rate Counsel requires paper copies of these filings. Please notation the address for the Division of Rate Counsel is every bit follows: Mailing Address: The Division of Rate Counsel 140 Due east. Front St., 4th Floor PO Box 003 Trenton, NJ 08625
New Jersey Personal Car Insurance Plan (PAIP)
Established October 1, 1992 pursuant to N.J.S.A. 17:29D-1 and implemented by Due north.J.A.C. 11:3-2.one, PAIP is the residual market place mechanism for writing personal motorcar risks not eligible in the voluntary market. In addition, this oversees the SAIP. Rates, rules and forms must exist approved by the commissioner before being implemented. PAIP may be contacted at: New Bailiwick of jersey Personal Auto Insurance Program Mount Laurel Corporate Heart 10000 Midlantic Drive Suite 403 West Mountain Laurel, NJ 08054 Telephone: 1-800-652-2471 or 856-722-0030
Personal Lines Other Than Auto
All Personal Lines Other Than Automobile rates, rules and policy forms are subject to New Jersey's Prior Blessing Laws. Coverages included under personal lines other than automobile are: homeowners, habitation fire, inland marine, pet, excess/umbrella, credit, involuntary unemployment and title insurance.
Rates, rules and forms are discipline to N.J.South.A. 17:29A et seq. Other significant statutes and regulations are listed below: Fire Insurance: Policy forms to exist filed - N.J.Due south.A. 17:36-i Domestic Servants or Household Employees: Coverage required on comprehensive personal liability and homeowners policies - N.J.S.A. 17:36-5.29 Title Insurance Companies - Northward.J.S.A. 17:46B-1 Pet Insurance - Due north.J.S.A. 17:46D-1 Fair Plan Surcharge - N.J.A.C. 11:1-v.one Guaranty Fund Surcharge - North.J.A.C. xi:1-six.ane (See Orders) Mass Marketing of Belongings and Liability Insurance - Due north.J.A.C. 11:2-12.1 New Jersey Plainly Language Law - N.J.A.C. 11:two-eighteen.one Cancellation and Nonrenewal of Commercial and Homeowners Insurance Policies - Due north.J.A.C. 11:1-20.i Homeowners Insurance Standard Hurricane Deductibles - N.J.A.C. 11:2-42.vii et seq. Expedited Process for Homeowners Insurance Rate Changes - N.J.A.C. 11:2-42.one APPENDIX Exhibits - A (checklist), B (Size of Rate Change Distribution), and C Exhibits B (Size of Rate Change Distribution) and C to a higher place are typically requested every bit part of the review of prior approval rate filings. Notice to Policyholders of Consumer Rate Increases (Per North.J.S.A. 52:27EE-51 and North.J.A.C. 11:one-45.1) - Notices must be sent to policyholders and the Partition of Charge per unit Counsel must exist copied on all prior approving increases over 7% or when an insurer has filed for ane or more prior approval rate filing(s) for implementation within a 12 month menses and the impact of the filing(s) is a combined overall increment of more than vii pct. Delight Notation: The Segmentation of Rate Counsel requires newspaper copies of these filings. Please annotation the address for the Division of Rate Counsel is every bit follows: Mailing Accost: The Division of Charge per unit Counsel 140 E. Front St., quaternary Flooring PO Box 003 Trenton, NJ 08625
New Jersey Insurance Underwriting Association (FAIR Plan)
The New Bailiwick of jersey Insurance Underwriting Association was organized in 1968, pursuant to N.J.S.A. 17:37A 1-22. Today NJIUA is the Administrator of the Property FAIR Programme and the Crime Indemnity Programme. They were created by the insurance industry every bit a means to brand property insurance more readily available to people who have difficulty obtaining coverage from voluntary market insurers considering their property is considered "high gamble." Rates, rules and forms are subject area to prior approval by the Commissioner earlier being implemented. The Off-white Plan may be contacted at: New Bailiwick of jersey Insurance Underwriting Association 570 Broad Street, Suite 500 PO Box 32609 Newark, NJ 07102 Telephone: (973) 622-3838 Fax: (973) 622-6357 Claims Fax: (973) 297-5033 Underwriting Fax: (973) 297-5032 Spider web site: www.njiua.org
Oil Tanks
Information Regarding Oil Tanks
Statistical
Belongings and Casualty insurers are required by law to prepare and submit all-encompassing statistical reports to assistance the Department with its regulatory obligations. Private Passenger Machine, Homeowner, and Medical Malpractice Reports Northward.J.South.A. 17:29A-v (for personal lines) and Due north.J.Southward.A. 17:29 AA-16 (for commercial lines) requires companies to study their statistics to approved statistical agents using approved statistical plans. The statistical agents compile and report the combined data to the Department by line of insurance at to the lowest degree annually. North.J.A.C 11:3-xx requires individual passenger auto writers to file an Excess Profit Report on July 1. N.J.A.C. 11:3-3A requires individual passenger auto writers to report semi-annually the in-strength data for the voluntary and remainder (PAIP) markets. N.J.A.C. eleven:3-45 requires private passenger auto writers to annually file premium survey examples in the format specified by a message issued annually. Due north.J.A.C. xi:two-42.10 requires homeowner writers to report semi-annually producer and exposure data. (Homeowners Market Survey) North.J.A.C. xi:27-13 requires medical malpractice insurers who write physicians and surgeons to submit information on premium modifiers.North.J.Southward.A. 17:30D and N.J.A.C. 11:1-7 require medical malpractice insurers who write physicians and surgeons to submit information on private closed claims. Licensed companies must start file on a prior approval ground for both commercial, personal and title, a complete rating system of rates, rules and forms before providing coverage in New Jersey. Companies may submit the rating systems straight to the Section or accept them filed on their behalf by a rating/advisory organization. North.J.S.A. 17:29A-3 details the method for becoming a member of a rating organization. Companies must receive notification from the Department of Banking and Insurance that they are authorized to utilise the filed rating system earlier writing insurance.
Open up Public Records Human action (OPRA)
Requests for public property/casualty records must be fabricated in accordance to the Open Public Records Act (OPRA).
Forms
Manifestly Language - Affirmation of Compliance - Exhibit A and Showroom B Consent to College Rate Forms Automobile Insurance Fire and Centrolineal Lines Other Lines Commercial Loss Cost Filing Adoption Form Personal Loss Cost Filing Adoption Form Additional Insurance Forms and Applications

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Source: https://www.nj.gov/dobi/division_insurance/propcas.htm

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