New Jersey Statutes
§ 17:33C-5 — Study on effect of territorial rating caps; report
New Jersey § 17:33C-5
JurisdictionNew Jersey
Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
This text of New Jersey § 17:33C-5 (Study on effect of territorial rating caps; report) 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. § 17:33C-5 (2026).
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 supplementa
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Bluebook (online)
New Jersey § 17:33C-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/17/17%3A33C-5.