Legal Research Home > New Jersey Lawyer > Corporations and Institutions for Finance and Insurance > New Jersey Corporations And Institutions For Finance And Insurance Laws Section 17:1C-20.1. Distribution of special purpose apportionment.

2. Notwithstanding the provisions of any law to the contrary, the Commissioner of Banking and Insurance shall take that action necessary to ensure that policyholders of the companies paying the special purpose apportionment pursuant to P.L.1995, c.156 (C.17:1C-19 et seq.) shall not pay for that portion of the special purpose apportionment attributable to the appointment of additional insurance fraud investigators as provided in section 13 of P.L.1995, c.156 (C.17:1C-31).

L.1997,c.154,s.2.

17:1C-21.    Filing of objections to apportionment
    3.   Within 15 days after the date of mailing a statement of special purpose apportionment as provided in this act, a company may file its objections to its apportionment with the commissioner. Upon receiving those objections, the commissioner shall either: amend the statement as warranted, consistent with sections 5 and 9 of this act; or schedule and send a notice of a hearing on the objections, which hearing shall be held not less than 30 nor more than 60 days after the date of the notice.

   L.1995,c.156,s.3.

Last modified: October 21, 2006