17:46B-43 - Justification for rates - New Jersey Statutes

17:46B-43.  Justification for rates
    A rate filing shall be accompanied by a statement of the title insurance company or title insurance rating organization making the filing, setting forth  the basis upon which the rate was fixed and the fees are to be computed.  Any  filing may be justified by:

    (1) The experience or judgment of the title insurance company or title insurance rating organization making the filing;

    (2) Its interpretation of any statistical data relied upon;

     (3) The experience of other title insurance companies or title insurance rating organizations;  or

     (4) Any other factors which the title insurance company or title insurance rating organization or the commissioner deem relevant.

     L.1975, c. 106, s. 42, eff. May 29, 1975.