N.J. Admin. Code § 11:2-3.15

Current through Register Vol. 56, No. 9, May 6, 2024

Section 11:2-3.15 - Group policy; delivery

(a) No credit life insurance or credit accident and health insurance shall be effected in this State on a debtor under a group policy, regardless of where or when issued, unless a certificate of group insurance or a notice of proposed insurance as required by 11:2-3.6 and 3.13 is delivered to the debtor.

(b) The certificate or notice of proposed insurance shall be on a form filed with the Commissioner together with the refund formula applicable thereto and acknowledged in writing and not disapproved by him.

(c) If a payment for insurance is collected from the debtor, the amount thereof may not exceed the amount permitted by 11:2-3.1 9, and no such certificate of group insurance or notice of proposed insurance shall be delivered unless the schedule of premiums is also filed with the Commissioner and acknowledged in writing by him.

N.J. Admin. Code § 11:2-3.15

Amended by R.1996 d.3, effective 1/2/1996.
See: 27 N.J.R. 3278(b), 28 N.J.R. 152(b).
Recodified from 11:2-3.10 and amended by R.1996 d.206, effective 5/20/1996.
See: 27 N.J.R. 3676(a), 28 N.J.R. 2621(a).
Former section, "Maintenance of statistics", recodified to 11:2-3.21.