N.J. Admin. Code § 13:88-2.4

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:88-2.4 - Claims reporting

(a) Insurers shall report to the OIFP or, in the alternative, to ISO using the ISO Universal Format (incorporated herein by reference in the subchapter Appendix), all motor vehicle losses closed with payment and all motor vehicle losses closed without payment as follows:

1. Information collected during the normal course of business on stolen vehicles including, but not limited to, the owner's name and address, the insured's name and address, policy number, claim number, coverage type, year and make of vehicle, vehicle identification number, date of loss, and location of loss; and

2. Information collected during the normal course of business on automobile accidents including, but not limited to, insured's name and address, policy number, coverage type, claimants' names and addresses, year and make of involved vehicles, the date and location of the accident, persons involved in the accident, alleged injuries, and treating health care providers. Automobile accident information need not include glass only claims or accident claims for amounts less than $ 2,000 if there are neither bodily injury or personal injury protection components of the accident claim.

(b) Each insurer shall notify the OIFP of its intention to comply with this chapter by reporting directly to the OIFP or providing the information through ISO and the ISO Universal Format. Insurers shall also indicate which of the data elements listed in the Appendix they collect during the normal course of business on stolen vehicle and automobile accident claims. Notice need only be made once, unless a carrier changes its method of compliance, in which case it shall submit an updated notice. Any carrier, which newly becomes subject to this reporting requirement, shall submit its notice within 30 days of becoming subject to this chapter. Notice shall be in writing and directed to: All Claims Database Unit, OIFP, PO Box 094, Trenton, NJ 08625-0094.

(c) Once reporting under (a) above has begun, insurers shall submit the data referenced in (a) above within 30 days of the closing of the claim.

(d) Insurers unable to meet the reporting deadlines established in these rules may apply in writing to the OIFP for an extension of the reporting deadlines. The OIFP shall grant reasonable extensions of time for good cause.

N.J. Admin. Code § 13:88-2.4

Amended by R.2009 d.354, effective 12/7/2009.
See: 41 N.J.R. 2630(a), 41 N.J.R. 4454(a).
In the introductory paragraph of (a), substituted "Insurers" for "By June 4, 2005, insurers"; and rewrote (b).