2009 New Jersey Code
TITLE 17 - CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Section 17:29A
17:29A-3 - Insurers may be members of rating organizations

17:29A-3.  Insurers may be members of rating organizations     Every rating organization shall make reasonable provision in its bylaws, rules, constitution, or otherwise, to permit any insurer engaged in the kind of  insurance for which rate-making is done by such rating organization, to become  a member thereof, or a subscriber for any kind of insurance or subdivision of a  kind of insurance found by the commissioner to be a proper basis for service by  the rating organization upon application therefor by such insurer.  No insurer  shall be a member of or a subscriber to more than one rating organization for  the purpose of making rates for the same kind or for the same subdivision of a  kind of insurance.   No rating organization shall discriminate unfairly between  insurers in the condition imposed for admission as subscribers, or in the  services rendered to either members or subscribers.  The refusal of any rating  organization to admit an insurer as a subscriber shall, at the request of such  insurer, be reviewed by the commissioner at a hearing held upon at least 10  days' notice to such rating organization and such insurer.  If the commissioner  shall find that the insurer has been refused admittance to such rating  organization as a subscriber without justification, he shall make an order  directing such rating organization to admit such insurer as a subscriber.  If  he shall find that the action of the rating organization in refusing admittance  to an insurer as a subscriber is justified, he shall make an order affirming its action.

     L.1944, c. 27, p. 71, s. 3.  Amended by L.1971, c. 368, s. 1, eff. Dec. 28, 1971.