N.J. Admin. Code § 11:2-12.2 - Definitions

The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise.

"Mass marketing plan" means a method of selling personal property-liability insurance wherein:

1. Such insurance is offered to employees of particular employers or to members of particular associations or organizations;

2. The employer, association or organization, if any, has agreed to or otherwise affiliated itself with the sale of such insurance to its employees or members;

3. Some rate, coverage, underwriting or substantial service advantage is provided which is not available from the same insurer on a nonplan basis.

"Personal property-liability insurance" shall mean all forms of personal lines, fire, allied lines, casualty, marine and inland marine insurance and insurance to which Sections 17:17-1 et seq. and 39:6A et seq. of the insurance law applies.

Notes

N.J. Admin. Code § 11:2-12.2
Amended by R.2005 d.350, effective 10/17/2005.
See: 37 N.J.R. 2285(a), 37 N.J.R. 4026(a).
Rewrote "Subchapter" as "subchapter" in the introductory paragraph.

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