N.J. Stat. § 17:33C-5
Study on effect of territorial rating caps; report
New Jersey · New Jersey Statutes Title 17 — Corporations and Institutions for Finance and Insurance · Status: effective
Cite this
- Citation
- N.J. Stat. § 17:33C-5, Study on effect of territorial rating caps; report, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1444444
- Permanent ID
ys:prov:1444444@1- SHA-256
8f63b38fa1913d371e514b9b80cc7057fdc4b6bdc92ceaa2ab1d57e579b82837
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
23. a. The commissioner shall study the effect of territorial rating caps imposed on automobile insurance rates pursuant to section 7 of P.L.1983, c.65 (C.17:29A-36). The study shall include an evaluation of the general market conditions resulting from the imposition of territorial rating caps, including, but not limited to: market availability; affordability of automobile insurance coverage; the actuarial soundness of, and statistical basis for, territorial cap systems; and the creation of competitive market conditions.
b. In conducting this study, the commissioner shall examine the rating systems in use in other highly urbanized areas of this nation.
c. The commissioner shall report his findings and recommendations within 12 months of the effective date of this amendatory and supplementary act to the Governor and the Legislature.