(609)
570-4110
December 21, 2007
To: NJAIRE Member Companies with No Data to Report
NJAIRE 2008 ANNUAL LETTER - ABBREVIATED VERSION
By
statute, as an insurer licensed to write Personal Auto in
If your company doesn't write any such business, there are only three requirements you must satisfy:
A. Submission of the NJAIRE Response Form
(Exhibit 1). The form has two response
boxes.
Please note that this form must be received
by ISO by February 15, 2008. If this
form is not submitted, quarterly statistics will be expected. Failure to submit quarterly statistics on
schedule will result in late submission charges of $50 per working day.
B. Submission of the Statement of Compliance (Exhibit 2) by March 31, 2008 for the 2007 reporting year and March 31, 2009 for the 2008 reporting year. It should be prepared on company letterhead, and sent to:
Michael McAuley
Insurance Services Office, Inc.
C. Submission of the Company Response Form (Exhibit 3) by February 15, 2008. The contact person will receive all relevant NJAIRE communications depending on your company's reporting status.
If your company begins to write such business, it must notify the NJAIRE Central Processor and comply with the full set of NJAIRE reporting and financial requirements. These requirements are contained in the NJAIRE Plan of Operations and the NJAIRE Procedure Manual. These documents and other information about NJAIRE can be found at the NJAIRE website, www.njaire.org. NJAIRE Central Processor staff is also available to discuss and explain these requirements.
If you have any questions or concerns about the above please contact:
Michael McAuley
Insurance Services Office, Inc.
(201) 469-2323
mmcauley@iso.com
Sincerely,
William J. Clarke
General Manager
Exhibit 1
NJAIRE RESPONSE FORM
Indicate ( X ) which option you are choosing and provide the necessary information.
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1. |
We anticipate having no data to report for the NJAIRE Call for Statistics for |
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the year indicated below: |
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First Quarter - Fourth Quarter 2008 |
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This form is due by February 15 of the year indicated above. |
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2. |
We are submitting quarterly statistics as of the quarter indicated below: |
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_________Quarter 2008 |
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This form should accompany the first quarterly submission. |
Please complete the following:
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Contact Person: |
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Title: |
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Company/Group Name: |
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Company Group Number: |
N/A |
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Address: |
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E-mail Address |
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Telephone Number: |
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Mail to: |
Michael McAuley Actuarial Analyst ISO |
Note: Please make copies of this form for use as needed.
Exhibit 2
NEW
STATEMENT OF COMPLIANCE
(To be completed by the company’s Chief Financial Officer, or the officer responsible for NJAIRE reporting, no later than 45 days after the close of the fourth calendar quarter.)
During the course of the (prior year) calendar/fiscal year, (Company’s Name) has conducted various financial and operational reviews. These reviews included the operations of (Company’s Name) as they relate to the New Jersey Automobile Insurance Risk Exchange. Corrective action has been taken on any findings of a significant or material nature.
Based on the results of our reviews, and any corrective action taken, it is our opinion that (Company’s Name) operations are in substantial compliance with the requirements of the New Jersey Automobile Insurance Risk Exchange Procedure Manual.
Sincerely,
__________________________ ___________________________
Date Signature
___________________________
Title
Exhibit 3
NEW
COMPANY RESPONSE FORM
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Primary AIRE Contact Person:
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Additional AIRE Contact Person:
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Return to: |
Michael McAuley Actuarial Analyst ISO |