N.J. Admin. Code § 11:2-42.5 - Limitation on filer's rate request
(a) If the
overall indicated change as determined in
N.J.A.C.
11:2-42.4 is an increase of five percent or
more, the filer shall request an overall increase of no more than five
percent.
(b) If the overall
indicated change as determined by
N.J.A.C.
11:2-42.4 is less than five percent, the
filer shall request no more than the overall rate change that is
indicated.
(c) A filer may not have
more than one rate change request pursuant to this subchapter approved in any
12-month period.
Notes
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