New Jersey Car Insurance Consumer Help Site NJ High Risk Car Insurance Help.

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What is NJ PAIP- PAIP NJ? (NJ Assigned High Risk Car Insurance ) 

NJPAIP Car insurance NJ for drivers with 7+ points or more , .  The points may be all moving violations or a combination of NJ Insurance Points and NJ MVC Points, they are added together for your total NJPAIP eligibility points. To find out how many points you have visit the NJ Motor Vehicle Commission-NJ DMV - NJDMV - NJMVC Online Abstract Order Form or phone (888-486-3339) or (609) 292-7500 

Then return back here and click on NJPAIP Car insurance quotes help, click here for assistance. and you will be able to accurately get a NJ PAIP Quote. If you know how many points you have or were cancelled mid term for non payment go ahead and complete the quote request now.   ( you will need the non payment cancellation letter )when meeting with a NJPAIP certified producer for car insurance.

NJPAIP Consumer Quoting and NJ PAIP Qualification Assistance

So you have been told by your present insurance company that you need a NJ-PAIP NJ Car insurance high risk policy due to your accumulation of moving violation points and or at fault accident points or a combination of both, you may purchase it, the policy costs a more than a New Jersey preferred automobile insurance policy and one of the NJ Car insurance companies called LADS binding coverage in New Jersey will be assigned your policy, neither you nor the insurance company may choose. The applications are Assigned to an insurance company so that they share the high risk drivers somewhat evenly. NJPAIP Personal NJCAIP Commercial and NJUZAR- Rates are set and approved by the state of New Jersey department of banking and insurance, so no shopping around needed. In plain language it is not necessary to call around five or six places shopping for the best deal, the rates are just what they are..

NJPAIP- NJ PERSONAL AUTOMOBILE INSURANCE.

All private passenger vehicles are mandated by NJ law to maintain automobile liability insurance, N.J.S.A. 39:6A et seq. Personal auto coverage may be obtained on a voluntary basis or through the New Jersey Personal Automobile Insurance Assigned Risk Plan. Rate Filing Requirement - N.J.A.C. 11:3-16   Eligible Persons Regulation - N.J.A.C. 11:3-34 Standard/Nonstandard Regulation - N.J.A.C. 11:3-19 Underwriting Guidelines - N.J.A.C. 11:3-35

The Property and Casualty Section of the Department of Banking and Insurance is charged with the regulation of rates, rules and forms for property and casualty insurance. The section regulates personal, commercial and title insurance sold in the state. The rate and rule review process ensures that companies charge rates which are adequate to pay claims while not being excessive. The policy form review guarantees that the policy forms comply with statutes, regulations and departmental guidelines.

The section does not quote or sell personal, commercial or title insurance to the public.


Review Requirements Checklists from NJPAIP

SECTIONS:

NOTE: The fees portion of this order were subsequently rescinded.


COMMERCIAL AUTOMOBILE

All commercial motor vehicles registered or principally garaged in New Jersey are mandated by law to maintain automobile liability insurance, N.J.S.A. 39:6B et seq. Commercial auto coverage may be obtained on a voluntary basis or through a licensed producer certified by the New Jersey Auto Insurance Plan.

Commercial automobile voluntary submissions are subject to the Deregulation Act of 1982, N.J.S.A. 17:29AA-1 et seq.

Rate/rule submissions are subject to N.J.S.A. 17:29AA-5 and N.J.A.C. 11:13-8.1, Use and File within 30 days. Form submissions are subject to N.J.S.A. 17:29AA-6, File and Use 30 days prior to use.

NJ COMMERCIAL AUTO INSURANCE PLAN (CAIP)

Established January 1, 1984 under N.J.S.A. 17:29D-1 and implemented by N.J.A.C. 11:3-1.2, to provide coverage for a commercial automobile risk unable to obtain coverage in the voluntary market.

Rates, rules and forms are subject to prior approval by the Commissioner before being implemented.

CAIP may be contacted at:

New Jersey Automobile Insurance Help Laurel Corporate Center
6000 Midlantic Drive
Suite 200 North
Mount Laurel, NJ 08054

Telephone: 1 (800) 827-6302 or (856) 722-0030


COMMERCIAL LINES OTHER THAN COMMERCIAL AUTOMOBILE

Commercial lines submissions are processed in accordance with the Commercial Lines Deregulation Act, N.J.S.A. 17:29AA-1 et seq. and N.J.A.C. 11:13 et seq.

Rates/Rules are subject to N.J.S.A. 17:29AA-5 and N.J.A.C. 11:13-8.1, Use and File within 30 days.

Forms are subject to N.J.S.A. 17:29AA-6, File and Use 30 days prior to becoming effective.

There exists certain commercial lines which are exempt from the Department of Banking and Insurance filing requirements. These items are contained on the Commissioner's Special Risks List, Bulletin 95-5 and the Commissioner's Exportable List , N.J.A.C. 11:1-34.6. Each year end, a hearing is held to discuss the exportable list contents. Additions and/or deletions to the list occur as a result of these annual hearings.


PERSONAL AUTOMOBILE

All private passenger vehicles are mandated by law to maintain automobile liability insurance, N.J.S.A. 39:6A et seq. Personal auto coverage may be obtained on a voluntary basis or through the New Jersey Automobile Insurance Plan.

Rates, Rules and Forms are subject to prior approval by the commissioner and must be filed in accordance with N.J.S.A. 17:29A et seq. Voluntary writers are subject to and must file rating plans incorporating:

PPA Prior Approval Rate Changes Checklist N.J.A.C. 11:3-16
Limited Auto Rate Filing Calculations for PPA Rate Changes N.J.A.C. 11:3-16B

Calculation of Maximum Expenses for Prior Approval/Limited Auto Rate Filings

  • June, 2003-May, 2004 (valid through 05/31/2004)
  • June, 2004-May, 2005 (including 2004 Excess Profit Filings) (valid 06/01/2004)




New Jersey Personal Auto Insurance Plan (PAIP)
Established October 1, 1992 pursuant to N.J.S.A. 17:29D-1 and implemented by N.J.A.C. 11:3-2.1, PAIP is the residual market mechanism for writing personal auto risks not eligible in the voluntary market.

Rates, rules and forms must be approved by the commissioner before being implemented.

PAIP may be contacted at:

New Jersey Auto Insurance Plan
Laurel Corporate Center
6000 Midlantic Drive
Suite 200 North
Mount Laurel, NJ 08054

Telephone: 1 (800) 652-2471 or (856) 722-0030


PERSONAL LINES OTHER THAN AUTO

All Personal Lines Other Than Auto rates, rules and policy forms are subject to New Jersey's Prior Approval Laws. Coverages included under personal lines other than auto are: homeowners, inland marine, pet, umbrella, credit, involuntary unemployment and title insurance.

Rates, rules and forms are subject to N.J.S.A.17:29A et seq. Other significant statutes and regulations are listed below:


SERFF

NJ DOBI is now accepting all property/casualty personal lines filings through SERFF. Detailed information about SERFF (System for Electronic Rate and Form Filing) can be found on the SERFF Web site.


STATISTICAL

Property and Casualty insurers are required by law to prepare and submit extensive statistical reports to assist the Department with its regulatory obligations.

N.J.S.A. 29A-5 requires companies to report their statistics to approved statistical agents using approved statistical plans. The statistical agents compile and report the combined data to the Department by line of insurance at least annually.

N.J.S.A. 17:29A-5.6 requires private passenger auto writers to file an Excess Profits Report on July 1.

Order A93-104 requires private passenger auto writers to report semi-annually the in-force exposures in the voluntary and residual (PAIP) markets.

Order A89-118 requires private passenger auto writers to supply quarterly in-force exposure reports by territory for the voluntary and residual (PAIP) private passenger auto markets.

Licensed companies must first file on a prior approval basis for both commercial, personal and title, a complete rating system of rates, rules and forms before providing coverage in New Jersey. Companies may submit the rating systems directly to the Department or have them filed on their behalf by a rating/advisory organization. N.J.S.A. 17:29A-3 details the method for becoming a member of a rating organization. Companies must receive notification from the Department of Banking and Insurance that they are authorized to use the filed rating system before writing insurance.


PUBLIC REVIEW OF PROPERTY/CASUALTY RECORDS

Requests for public property/casualty records, other than in accordance with the Open Public Records Act, must be made in writing and sent to the attention of:


Property and Casualty
New Jersey Department of Banking and Insurance
P.O. Box 325
Trenton, NJ 08625-0325

It is the policy of the Department to provide photocopying capability to the general public in accordance with N.J.S.A.47:1A-2 rev. 1991. The cost is as follows:

N.J.A.C. 11:1-32, Fees and Special Purpose Apportionment provides as a new fee the cost to the Department for researching, retrieving and compiling public records at the actual staff time rounded to the nearest quarter hour at the rate of $50.00 per hour. This type of request may involve voluminous or historical files in connection with litigation which represent an extraordinary cost to the Department. The Department may require a deposit not to exceed the estimated cost prior to commencing work.

For more information, you may contact Ms. Brown at (609) 984-7310 extension 50343 or fax requests to (609) 777-0019.


Commercial Lines Deregulation Bulletin 95-06



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