New Jersey Administrative Code › Title 11 - INSURANCE › Chapter 3 - AUTOMOBILE INSURANCE › Subchapter 46 - AUTOMOBILE INSURANCE URBAN ENTERPRISE ZONE PROGRAM › Appendix - APPENDIX

Current through Register Vol. 56, No. 14, July 15, 2024
$ GZip Code
Town
County
Territory
$
07302
Jersey City
Hudson
1
07303
Jersey City
Hudson
1
07304
Jersey City
Hudson
1
07305
Jersey City
Hudson
1
07306
Jersey City
Hudson
1
07307
Jersey City
Hudson
1
07309
Jersey City
Hudson
1
07310
Jersey City
Hudson
1
07311
Jersey City
Hudson
1
07047
N. Bergen
Hudson
1
07087
Union City/Weehawken
Hudson
1
07093
West New York/Guttenberg
Hudson
1
07101
Newark
Essex
2
07102
Newark
Essex
2
07103
Newark
Essex
2
07104
Newark
Essex
2
07105
Newark
Essex
2
07106
Newark
Essex
2
07107
Newark
Essex
2
07108
Newark
Essex
2
07112
Newark
Essex
2
07114
Newark
Essex
2
07011
Clifton
Passaic
3
07012
Clifton
Passaic
3
07013
Clifton
Passaic
3
07014
Clifton
Passaic
3
07026
Garfield
Bergen
3
07506
Hawthorne
Passaic
3
07507
Hawthorne
Passaic
3
07424
Little Falls/W. Paterson
Passaic
3
07055
Passaic
Passaic
3
07501
Paterson
Passaic
3
07502
Paterson
Passaic
3
07503
Paterson
Passaic
3
07504
Paterson
Passaic
3
07505
Paterson
Passaic
3
07509
Paterson
Passaic
3
07510
Paterson
Passaic
3
07513
Paterson
Passaic
3
07514
Paterson
Passaic
3
07522
Paterson
Passaic
3
07524
Paterson
Passaic
3
07533
Paterson
Passaic
3
07543
Paterson
Passaic
3
07544
Paterson
Passaic
3
07057
Wallington
Bergen
3
07201
Elizabeth
Union
4
07202
Elizabeth
Union
4
07206
Elizabeth
Union
4
07207
Elizabeth
Union
4
07208
Elizabeth
Union
4
08601
Trenton
Mercer
6
08602
Trenton
Mercer
6
08603
Trenton
Mercer
6
08605
Trenton
Mercer
6
08607
Trenton
Mercer
6
08608
Trenton
Mercer
6
08609
Trenton
Mercer
6
08611
Trenton
Mercer
6
08618
Trenton
Mercer
6
08629
Trenton
Mercer
6
08638
Trenton
Mercer
6
08030
Gloucester
Camden
7
08101
Camden
Camden
7
08102
Camden
Camden
7
08103
Camden
Camden
7
08104
Camden
Camden
7
08105
Camden
Camden
7
08861
Perth Amboy
Middlesex
8
08862
Perth Amboy
Middlesex
8
08401
Atlantic City
Atlantic
19
07109
Belleville
Essex
22
07111
Irvington
Essex
22
07017
E. Orange
Essex
38
07018
E. Orange
Essex
38
07019
E. Orange
Essex
38
07050
Orange City
Essex
38
07051
Orange City
Essex
38
07061
Plainfield
Union
39
07062
Plainfield
Union
39
07063
Plainfield
Union
39
08901
New Brunswick
Middlesex
40
08903
New Brunswick
Middlesex
40
08906
New Brunswick
Middlesex
40
Exhibit B
Calculation of UEZ Shares:
1. In-Force Exposures reported by zip code are combined for individual companies that are part of a group. Also, the in-force exposures reported for individual zip codes are combined for all UEZs.
2. The "Statewide Market Share" for an automobile insurer is calculated by dividing the total number of in-force exposures reported on the quarterly in-force report minus the total number of exposures in UEZs as of September 30 by the total number of in-force exposures in the state.
3. The "Individual UEZ Share" is the number of exposures a company or group should be writing in all UEZs combined. The Individual UEZ Share is calculated by multiplying an automobile insurer's statewide market share times the total number of exposures in all the UEZ's.
4. Each automobile insurer's "Individual UEZ Shortfall" is calculated by subtracting the number of its in-force exposures in all UEZs from its Individual UEZ share. A negative number indicates that the company exceeded its statewide market share in that UEZ. Example:
To illustrate how these calculations are made, the example below uses two automobile insurers. Group A consists of Company 1 and Company 2. Company B is a single company. Two municipalities, E. Orange and Elizabeth, are used in the example to represent all UEZs.
In-Force Exposures Reported to Department
Group A
Zip Code
Town
Company 1
Company 2
Group
Company B
Atotal
07017
E. Orange
91
7
98
38
07018
E. Orange
39
10
49
24
07019
E. Orange
4
6
10
8
total
E. Orange
157
70
07201
Elizabeth
4
6
10
78
07202
Elizabeth
71
13
84
253
07206
Elizabeth
114
13
127
61
07207
Elizabeth
14
0
14
136
07208
Elizabeth
7
2
9
125
total
Elizabeth
244
653
In-Force Exposures for Individual Zip Code and Insurer Groups Combined
Total In-Force
Group A
Company B
Exposures in
UEZ
All UEZs
401
723
60,000
Calculation of Statewide Market Share
Total In-Force
Group A
Company B
Exposures in
State
Total in-force
242,000
49,000
4,400,000
less UEZs
401
723
241,599
48,277
Market share
5.51%
1.10%
Calculation of Individual UEZ Shares
Group A
Company B
UEZ in-force
3,295
658
Calculation of Individual UEZ Shortfalls
Group A
Company B
UEZ in-force
401
723
UEZ Share
3,295
658
Total Shortfall
2,894
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