N.J. Admin. Code § 11:1-28.4 - Types of insurance

(a) The following are the types of insurance which a company may be formed to transact under the stated paragraphs of N.J.S.A. 17:17-1:

1. Paragraph "a" means fire and allied lines, earthquake and growing crops;

2. Paragraph "b" means ocean marine, inland marine, automobile physical damage and aircraft physical damage;

3. Paragraph "e" means worker's compensation and employer's liability, automobile liability (bodily injury), automobile liability (property damage) and other liability;

4. Paragraph "f" means boiler and machinery;

5. Paragraph "g" means fidelity and surety;

6. Paragraph "i" means credit;

7. Paragraph "j" means burglary and theft;

8. Paragraph "k" means glass;

9. Paragraph "l" means sprinkler leakage and water damage;

10. Paragraph "m" means livestock;

11. Paragraph "n" means smoke and smudge; and

12. Paragraph "d" means accident and health insurance as defined in N.J.S.A. 17B:17-4.

(b) The following are the miscellaneous coverages allowed under N.J.S.A. 17:17-1, paragraph "o":

1. All loss to buildings and structures, including consequential loss, and against loss or damage to property of others, caused by an insured;

2. The perils of radioactive contamination and all other perils causing physical loss to nuclear energy installations and facilities including consequential loss; and

3. All other miscellaneous coverage, including, but not limited to, the following:

i. Loss or damage to property by epidemic;

ii. Loss or damage to property by power failure or mechanical breakdown;

iii. Loss or damage to property or any insurable interest therein caused by insects or by radiation resulting from atomic fission;

iv. Engine breakdown;

v. Loss or damage to property of the assured caused by falling of tanks or equipment for protecting property against fire, by explosion other than steam boilers, pipes, engines, motor, and machinery connected therewith (except fire);

vi. Loss resulting from the right to participate in associations or pools, such as NEPIA and NELIA, which associations or pools are authorized to write "All Risks" insurance involving nuclear fuel exposure;

vii. Economic security; and

viii. All other liability not covered under N.J.S.A. 17:17-1(e), including voluntarily assumed liability.

(c) A stock insurance company may be formed to transact solely the following lines of business:

1. Mortgage guarantee insurance, pursuant to N.J.S.A. 17:46A-1 et seq.; and

2. Title insurance, pursuant to N.J.S.A. 17:46B-1 et seq.

Notes

N.J. Admin. Code § 11:1-28.4

Recodified from N.J.A.C. 11:3-28.3 and amended by R.1993 d.583, effective 11/15/1993.
See: 25 New Jersey Register 2636(b), 25 New Jersey Register 5219(a).