17B:27E-11. Insurer to file rates, rating schedule, supporting documentation
75 words·~1 min read·
/nj/title-17b/chapter-27e/17b-27e-11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
11. An insurer providing long-term care insurance issued on an individual basis in this State shall file, for the commissioner's approval, its rates, rating schedule and supporting documentation demonstrating that it is in compliance with the applicable loss ratio standards of this State. All filings of rates and rating schedules shall demonstrate that the benefits are reasonable in relation to the premium charged and that the rates are not excessive, inadequate or unfairly discriminatory.
L.2003,c.207,s.11.