N.J. Admin. Code § 11:1-24.7

Current through Register Vol. 57, No. 1, January 6, 2025
Section 11:1-24.7 - Disclosure of optional methods of payment

An insurer or insurance producer allowing alternative payment methods of insurance premiums shall fully disclose to the insured or prospective insured, upon request, the availability of all optional methods of payment offered by that insurer or insurance producer, and the differences, including cost, between these methods and the alternative payment methods.

N.J. Admin. Code § 11:1-24.7

Amended by R.2006 d.307, effective 9/5/2006.
See: 37 N.J.R. 4156(a), 38 N.J.R. 3586(a).
Substituted "or insurance producer" for ", insurance producer or limited insurance representative".