N.J. Admin. Code § 11:1-20.3

Current through Register Vol. 56, No. 21, November 4, 2024

Section 11:1-20.3 - Policy provisions relating to cancellation or nonrenewal

(a)All commercial insurance policy forms and all homeowners' insurance policy forms must contain a provision setting forth the following statement:

Pursuant to New Jersey law, this policy cannot be cancelled or nonrenewed for any underwriting reason or guideline which is arbitrary, capricious or unfairly discriminatory or without adequate prior notice to the insured. The underwriting reasons or guidelines that an insurer can use to cancel or nonrenew this policy are maintained by the insurer in writing and will be furnished to the insured and/or the insured's lawful representative upon written request.

This provision shall not apply to any policy that has been in effect for less than 60 days at the time notice of cancellation is mailed or delivered, unless the policy is a renewal policy.

1. The policy provision language set forth at (a) above is mandatory and, notwithstanding any other law to the contrary, need not be submitted to the Department for approval.

N.J. Admin. Code § 11:1-20.3

Amended by 51 N.J.R. 765(a), effective 5/20/2019