New Jersey Insurance Underwriting Association, the FAIR Plan

What this document is

N.J.S.A. Title 17 Chapter 37A - New Jersey Insurance Underwriting Association, the FAIR Plan (17:37A-1 through 17:37A-27, 26 sections) is a state statute published by New Jersey Legislature (Office of Legislative Services), bulk statute distribution. It is one of the New Jersey documents that insurance license exam questions are written from, including new jersey property & casualty, new jersey personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• N.J.S.A. 17:37A-8(b) (Essential property insurance; application; contents; denial; appeal)

  “If the association determines that: (1) The applicant has made a diligent effort to procure essential property insurance from an authorized insurer in the normal market at manual or tariff rates; (2) The property is insurable; and (3) There is no unpaid, uncontested premium due from the applicant...”

• N.J.S.A. 17:37A-2(e) (Definitions, insurable property)

  “which property is determined by the association, after inspection and pursuant to the criteria specified in the plan of operation to be in an insurable condition; provided, however, that neighborhood, area, location, environmental hazards beyond the control of the applicant or ownership of the...”

• N.J.S.A. 17:37A-20 (Establishment of fund; surcharge upon basic property insurance premiums; maximum)

  “The surcharge shall be a separate charge to the insured in addition to the premium to be paid and shall be reflected as such in the policy and commissions shall not be payable thereon. The insurer shall be prohibited from absorbing such surcharge as an inducement for insurance or for any other reason.”

• N.J.S.A. 17:37A-8(b) (Essential property insurance; determinations required before issuance)

  “If the association determines that: (1) The applicant has made a diligent effort to procure essential property insurance from an authorized insurer in the normal market at manual or tariff rates; (2) The property is insurable; and (3) There is no unpaid, uncontested premium due from the applicant...”

• N.J.S.A. 17:37A-3 (Creation of association; membership)

  “There is hereby created the New Jersey Insurance Underwriting Association, consisting of all insurers authorized to write and engaged in writing within this State, on a direct basis, property insurance. Every such insurer shall be a member of the association and shall remain a member so long as the...”

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More New Jersey sources

• N.J.S.A. 17:29B-4: Unfair methods of competition and deceptive acts definedState statute
• N.J.S.A. Title 17 Chapter 1 - Department of Banking and Insurance; the Commissioner's powers (17:1-1 through 17:1-28, 23 sections)State statute
• N.J.S.A. Title 17 Chapter 16C - Retail Installment Sales Act (17:16C-1 through 17:16C-103, 125 sections)State statute
• N.J.S.A. Title 17 Chapter 1C - Department expenses, apportionment and assessment (17:1C-6.1 through 17:1C-48, 32 sections)State statute
• N.J.S.A. Title 17 Chapter 28 - Insurance policy provisions, including compulsory uninsured and underinsured motorist coverage (17:28-1 through 17:28-8, 16 sections)State statute
• N.J.S.A. Title 17 Chapter 29A - Rates and rating organizations (17:29A-1 through 17:29A-62, 73 sections)State statute
• N.J.S.A. Title 17 Chapter 29AA - Commercial insurance deregulation (17:29AA-1 through 17:29AA-34, 35 sections)State statute
• N.J.S.A. Title 17 Chapter 29B - Unfair trade practices in the business of insurance, complete chapter (17:29B-1 through 17:29B-19, 20 sections)State statute