New Jersey has adopted Rule 11:1-48.
New Jersey
New Jersey Issues Order Regarding Underwriting Guidelines for Certain Lines
Jan 14, 2025 / by AAIS posted in Compliance, New Jersey
On December 30, 2024, the New Jersey Department of Banking and Insurance (DOBI) issued Order No. A24-09 regarding the submission of underwriting guidelines for homeowners and private passenger automobile policies.
New Jersey Issues Affordable Housing and Insurance Survey
Jul 15, 2024 / by AAIS posted in Compliance, Data Call, New Jersey
On July 8, 2024, the New Jersey Department of Banking and Insurance (NJDOBI) issued Bulletin No. 24-10 and Order No. A24-06 simultaneously to request information from insurers that have written premium in 2023 for certain lines of business.
New Jersey Increases Minimum Limits of Liability Insurance for Certain Commercial Vehicles
Jun 4, 2024 / by AAIS posted in Compliance, New Jersey
On May 24, 2024, the New Jersey Department of Banking and Insurance (NJDOBI) issued Bulletin No. 24-07 regarding the new minimum limits of liability insurance for certain commercial motor vehicles and/or autocabs.
New Jersey Reminds Private Passenger Automobile Insurers of Policy Limit Disclosures
May 30, 2024 / by AAIS posted in Compliance, New Jersey
On May 21, 2024, the New Jersey Department of Banking and Insurance (NJDOBI) released Bulletin No. 24-06 to all New Jersey auto insurers issuing private passenger automobile policies. The bulletin reminds these insurers of their requirement to disclose policy limits upon request by an attorney under certain circumstances, within 30 days.
New Jersey Continues Submissions of Private Passenger Automobile Underwriting Guidelines Changes
Jan 12, 2024 / by AAIS posted in Compliance, New Jersey
On December 29, 2023, the New Jersey Department of Banking and Insurance (NJDOBI) issued Order No. A23-14 and Bulletin No. 23-08 ordering that all authorized and admitted property and casualty insurers that have private passenger automobile policies in force as of December 29, 2023, to continue submitting any changes made to its underwriting guidelines to the Department. Any changes made between the dates of January 1, 2024 and December 31, 2024 need to be submitted to the NJDOBI within five days of implementation.
New Jersey Requires Compliance with New Minimum Auto Coverage Limits
Apr 17, 2023 / by AAIS posted in New Jersey
On November 14, 2022, the New Jersey Department of Banking and Insurance (DOBI) issued Bulletin No. 22-09 regarding compliance with P.L.2022, c.87 (the “Act”), which was enacted through Senate Bill 481 and went into effect on August 5, 2022. The Act amended existing law to increase the minimum limits of liability, uninsured motorist and underinsured motorist insurance coverage that must be provided in automobile insurance policies issued in the state of New Jersey.
New Jersey Orders Auto Insurers to Submit Underwriting Guidelines and Rules
Apr 17, 2023 / by AAIS posted in New Jersey
On April 6, 2023, the New Jersey Department of Banking and Insurance (DOBI) issued Order A23-01 and Bulletin No. 23-04 regarding the underwriting guidelines and rules of private passenger automobile policies in force in New Jersey.
