17:29AA-12 - Special risks; competition regarding rates and policy forms; order of commissioner - New Jersey Statutes

17:29AA-12.  Special risks;  competition regarding rates and policy forms; order of commissioner    With respect to special risks, upon a finding by the commissioner, after a hearing, that there is no reasonable degree of competition with respect (a) to rates applicable to a particular line, kind, class, subclass or type of business, he may issue an order requiring that the rates for such line, kind, class, subclass or type of business be submitted to the department pursuant to section 5 of this act;  or (b) to policy forms applicable to a particular line,  kind, class, subclass or type of business, he may issue an order requiring that  the forms for such line, kind, class, subclass or type of business be submitted  to the department for approval prior to becoming effective pursuant to section  6 of this act.

     L.1982, c. 114, s. 12.