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NAIC’s Compendium of State Laws on Insurance Topics - page 13 / 22

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§§ 17:29A-6, 17:29A-7

prior approval

other p/c lines, worker’s compensation

§ 17:29A-46.6; Reg. 11:3-16-6 to 11:3-16-16

prior approval

auto (personal)

§§ 17:36–5.33 to 11:36-5.37

prior approval

personal lines other than auto

§§ 17:46B-41 to 17:46B-53

prior approval

Title

§§ 59A-17-9; 59A-17-13

prior approval (60 day deemer)

p/c lines

§ 59A-17-10

prior approval (90 day deemer)

worker’s compensation

§ 59A-30-6

commissioner-set rates

title

Ins. Law §§ 2305 (amendments pending); 2328

prior approval (30 can be extended to maximum of 75 days)

worker’s compensation, title, medical malpractice, personal and commercial lines

Ins. Law § 2344 (amendments pending); Ins. Reg. 129

flex rating percentage varies by line

commercial liability

Ins. Law § 2310, Ins. Reg.129

file and use (30 days can be extended to 75)

homeowners, farm owners

file and use

other p/c lines

© 2006 National Association of Insurance Commissioners

II-PA-10-13

STATE

NJ (5/06)

NM (5/06)

NY (5/06)

NAIC’s Compendium of State Laws on Insurance Topics

RATE FILING METHODS FOR PROPERTY/CASUALTY INSURANCE, WORKER’S COMPENSATION, TITLE

5/06

CITATION § 17:29AA-5; Reg. 11:13-2.1

FILING METHOD use and file (30 days)

May file rate changes within range of 3% of prior rate and get approval decision within 30 days; within 7%, approval decision within 45 days.

May file rate increases up to 5% of prior rate and get approval decision within 30 days.

LINES

commercial lines where reasonable degree of competition

COMMENTS

Filing method is based on a finding of the existence of a competitive market by commissioner.

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