N.J. Stat. § 17:29A-5.12: Plan for refund, credit.

7. If the commissioner finds that an insurer has excess profits, the insurer shall establish, subject to the approval of the commissioner, a fair, practicable, and nondiscriminatory plan for the refund or credit of the excess profits to such group or groups of policyholders as the commissioner may determine to be reasonable in consideration of the insurer's financial and business circumstances.

L.1988,c.118,s.7; amended 2003, c.89, s.82.