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2017 New Jersey Revised Statutes
TITLE 17 - CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Section 17:29AA-25 - Apportionment and rate modifications; agreements among insurers; approval
Universal Citation: NJ Rev Stat § 17:29AA-25 (2017)
17:29AA-25. Apportionment and rate modifications; agreements among insurers; approval
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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