N.J. Admin. Code § 11:21-7.9 - Price quotes; disclosures

Current through Register Vol. 54, No. 7, April 4, 2022

(a) A small employer carrier shall provide a price quote to a small employer, directly or through an authorized third party, within 10 working days of receiving a request for a quote and such information as is reasonable and necessary to provide the quote. A small employer carrier shall notify a small employer, directly or through an authorized producer, within five working days of receiving a request for a price quote of any additional information needed by the small employer carrier to provide the quote.
(b) Each small employer carrier shall make reasonable disclosure in price quotes provided to small employers of the provisions concerning the small employer carrier's right to change premiums and the criteria in the small employer carrier's rate filing which affect changes in premium rates.

Notes

N.J. Admin. Code § 11:21-7.9
Recodified from 11:21-7.10 by R.1997 d.62, effective 2/3/1997.
See: 28 New Jersey Register 4344(a), 29 New Jersey Register 428(a).
Former section recodified to N.J.A.C. 11:21-7.8.
Amended by R.2004 d.107, effective 3/15/2004.
See: 35 New Jersey Register 5011(a), 36 New Jersey Register 1594(a).
In (a), substituted "third party" for "producer" following "authorized".

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