New Jersey § 17:29AA-25 Apportionment and rate modifications;  agreements among insurers;  approval

New Jersey Statutes

§ 17:29AA-25 — Apportionment and rate modifications; agreements among insurers; approval

New Jersey § 17:29AA-25

Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

This text of New Jersey § 17:29AA-25 (Apportionment and rate modifications; agreements among insurers; approval) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 17:29AA-25 (2026).

Text

Agreements may be made among insurers with respect to equitable apportionment among them of insurance which may be afforded applicants who are in good faith entitled to but are unable to procure insurance through ordinary methods and the insurers may agree among themselves on the use of reasonable rate modifications for such insurance, provided that the agreements and rate modifications shall be effective only upon the prior approval of the commissioner. L.1982, c. 114, s. 25.

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Agreements may be made among insurers with respect to equitable apportionment among them of insurance which may be afforded applicants who are in good faith entitled to but are unable to procure insurance through ordinary methods and the insurers may agree among themselves on the use of reasonable rate modifications for such insurance, provided that the agreements and rate modifications shall be effective only upon the prior approval of the commissioner. L.1982, c. 114, s. 25.