N.J. Admin. Code § 11:17A-2.4

Current through Register Vol. 56, No. 11, June 3, 2024

Section 11:17A-2.4 - Rebates and inducements; determination of value

(a) For the purpose of determining the value of any item pursuant to 11:17A-2.3, an insurance producer shall retain the original invoice for such item for five years beyond the later of the date the offer is discontinued or the date the last item is given.

(b) The value of any favor, advantage, valuable consideration or any other item or service shall be determined by the Commissioner or his or her designee.

Amended by R.2005 d.237, effective 7/18/2005.
See: 37 New Jersey Register 413(a), 37 New Jersey Register 2691(c).
In (b), substituted "Commissioner" for "Commission" preceding "or his or her designee".