N.J. Stat. § 17:29A-13

Current through L. 2024, c. 87.
Section 17:29A-13 - Notice of withdrawal or expulsion of member of rating organization; readmission

Every rating organization shall notify the commissioner promptly upon the withdrawal or expulsion therefrom of any member or subscriber. No rating organization shall expel or otherwise exclude a subscriber except upon the refusal or failure of such subscriber to pay such rating organization the subscribership fee agreed upon. A rating organization shall readmit such insurer as a subscriber upon payment to it of any delinquent charges. No insurer shall, after expulsion or withdrawal from a rating organization, use any rate or any rating-system made by such rating organization during the period that such expulsion or withdrawal continues.

N.J.S. § 17:29A-13

L.1944, c.27, p.77, s.13.