17:29AA-13 Order from commissioner relative to compliance with standards.
114 words·~1 min read·
/nj/17-61A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
13. a. If the commissioner finds, after a hearing, that a rate or policy form in effect for any rating organization or insurer, whether or not a member or subscriber of a rating organization, is not in compliance with the standards of this act, he shall issue an order specifying in what respects it so fails, and stating when, within a reasonable period thereafter, such rate or form shall be deemed no longer effective. The order shall not affect any contract or policy made or issued prior to the expiration of the period set forth in the order.
b. (Deleted by amendment, P.L.2009, c.248)
L.1982, c.114, s.13; amended 2004, c.17, s.20; 2009, c.248, s.4.