N.J. Admin. Code § 11:4-40A.4

Current through Register Vol. 56, No. 19, October 7, 2024

Section 11:4-40A.4 - Filing procedures

(a) Filings pursuant to 11:4-40A.3(a) shall include the following:

1. For each form submitted, a separate certification memorandum, signed by a responsible officer of the insurer, which shall include: a statement that the form has been made available for sale or use in 40 states, subject to state variations that do not alter the unique features or design of the product; the form number of the form to which it applies; and a notary signature to be shown outside of the seal.

i. The certification shall be acknowledged by a responsible officer of the insurer. The acknowledgement process shall be the same as that which applies to documents for recording instruments conveying or affecting interests in real estate in this State pursuant to 46:14-2.1 et seq;

2. An Initial Submission Data form required by N.J.A.C. 11:4-40. The Request Type Code referred to in the Data Form shall be "40." The form shall be filled in for complete specimen issue, including any necessary schedule(s); and

3. A submittal letter, which shall specify the issue ages and intended market for the form.

(b) The Department shall acknowledge receipt of the form and a proper certification by providing the insurer with such acknowledgement within 30 days of the date transmitted.

(c) If the Department determines that the form submitted fails to satisfy all of the eligibility requirements set forth at 11:4-40A.3, the Department shall return the filing to the insurer for non-action within 30 days of the date transmitted. Additionally, if the filing fails to satisfy the filing procedures set forth in this section, the Department may return the filing to the insurer for non-action. Any return for non-action shall specify the deficiencies in the filing. Any filing returned for non-action may be resubmitted pursuant to P.L. 2001, c. 237 after the identified deficiencies have been cured.

N.J. Admin. Code § 11:4-40A.4

Amended by R.2010 d.157, effective 7/19/2010.
See: 41 N.J.R. 3371(a), 42 N.J.R. 1610(a).
Section was "Submission procedures". In the introductory paragraph of (a), substituted "Filings" for "Submissions"; in the introductory paragraph of (a)1, inserted a comma following "memorandum", inserted "; and a notary signature to be shown outside of the seal", and deleted "and" following "product;"; in (b), deleted "by first class mail" preceding "within" and substituted "the date transmitted" for the second occurrence of "receipt"; and in (c), substituted "filing" for "submission" throughout, and substituted "the date transmitted" for "receipt".