The New Jersey Commercial Automobile Insurance Plan
The New Jersey Commercial Automobile Insurance Plan was created in the state of New Jersey for the administration and apportionment of automobile insurance for qualified applicants.
The New Jersey Personal Automobile Insurance Plan
The New Jersey Personal Automobile Insurance Plan was established in the state of New Jersey to make personal private passenger automobile insurance coverage available for automobiles owned or operated by qualified applicants. The Plan is administered by a Governing Committee and a Plan of Operation approved by the Commissioner.
This course is open to all licensed producers who must complete this course in order to be fully certified with the NJCAIP and/or NJPAIP. For more info on these requirements, go to the NJ AIP Web page, here. This combined course satisfies both Plans' course completion requirements.
The provisions of the Plan of Operation apply to all insurers admitted to transact private passenger automobile insurance in the state of New Jersey and to all qualified applicants eligible for automobile insurance through the Plan, except as otherwise stated.
Each participant should bring and have read the NJCAIP and NJPAIP Manuals of Rules and Rates and the Manuals of Performance Standards and Producer Certification, and be familiar with the NJCAIP and NJPAIP Plans of Operation.
The purposes of the New Jersey Commercial Automobile Insurance Plan are:
To provide coverages subject to conditions for all commercial vehicles.
To provide for the apportionment of insurance coverage for qualified applicants who are in good faith entitled to, but are unable to procure, insurance through the voluntary market.
To establish a procedure for the sharing of premiums, losses, and expenses amongst all insurers who are participants in the state of New Jersey, for all risks qualified for coverage under the provisions of the plan.
The purposes of the New Jersey Personal Automobile Insurance Plan are:
To provide personal private passenger automobile insurance coverages as specified in the manual of Rules and Rates subject to the conditions stated therein.
To establish a procedure for the equitable distribution of risks assigned to insurance companies.
To preserve to the public the benefits of price competition by encouraging maximum use of the voluntary private insurance system.