17:29A-13 - Notice of withdrawal or expulsion of member of rating organization; readmission - New Jersey Statutes

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.

     L.1944, c. 27, p. 77, s. 13.