The following words and terms, when used in this subchapter,
shall have the following meanings unless the context clearly indicates
otherwise.
"Base rate" means the unit charge by which the measure of
exposure or the amount of insurance specified in a policy of insurance or
covered thereunder is multiplied to determine the premium, which rate is filed
with the Commissioner pursuant to N.J.S.A. 17:29AA-5.
"Commercial insurance rating plan" includes any plan of rates
and rules for the adjustment of premiums from base rates for commercial lines
insurance coverages.
"Commercial lines insurance" includes all insurance policies
so defined in N.J.S.A. 17:29AA-3a.
"Commissioner" means the Commissioner of the New Jersey
Department of Banking and Insurance.
"Department" means the New Jersey Department of Banking and
Insurance.
"Filer" means a rating organization or advisory organization
or any insurer making its own rates and proposing to establish a new rate, a
rate change, or a rating rule.
"Policy" means any contract of commercial lines insurance
including, but not limited to, all policies, contracts, certificates and
endorsements.
"Supplementary rate information" includes any manual or plan
of rates, statistical plan, classification, rating schedule, rating rule and
any other rule used by an insurer in making rates.
Notes
N.J. Admin.
Code § 11:13-6.2
Amended by R.1997 d.521,
effective 12/15/1997.
See: 29 New Jersey Register 4248(a), 29 New Jersey Register
5310(a).
Amended "Commissioner" and "Department".
Amended by R.2003 d.21, effective 1/6/2003.
See: 34 New Jersey
Register 2947(a), 35 New Jersey Register 252(a).
In "Filer",
inserted "or advisory organizations" following "rating
organization".
