X hits on this document

PDF document

N.J.A.C. 11:1-34.6 - page 1 / 5

60 views

0 shares

0 downloads

0 comments

1 / 5

INSURANCE DEPARTMENT OF BANKING AND INSURANCE OFFICE OF SOLVENCY REGULATION

Surplus Lines Exportable List

Proposed Amendment:

N.J.A.C. 11:1-34.6

Authorized By:

Holly C. Bakke, Commissioner, Department of Banking and Insurance

Authority:

N.J.S.A. 17:1-8.1 and 17:22-6-43

Calendar Reference:

See Summary below for explanation of exception to calendar requirements.

Proposal Number:

PRN 2004 –394

Submit comments by December 17, 2004 to:

Douglas A. Wheeler, Assistant Commissioner Legislative and Regulatory Affairs Department of Banking and Insurance 20 West State Street P.O. Box 325 Trenton, NJ 08625-0325 Fax: (609) 292-0896 E-mail: legsregs@dobi.state.nj.us

The agency proposal follows:

Summary

N.J.S.A. 17:22-6.43 provides that the Commissioner of the Department of Banking and

Insurance (Department) may declare eligible for export certain lines or classes of insurance for

which, after a hearing, he or she determines that there exists no reasonable or adequate market

among authorized carriers in this State. This list of lines or classes of insurance is known as the

exportable list. Pursuant to N.J.S.A. 17:22-6.43(c), the Department annually holds a hearing on

the list.

Among other things, the list allows insurers writing commercial coverages to be exempt

from the rate and form filings requirements of N.J.S.A. 17:29AA-1 et seq., and relieves

Document info
Document views60
Page views67
Page last viewedMon Dec 05 20:51:07 UTC 2016
Pages5
Paragraphs110
Words983

Comments