N.J. Admin. Code § 11:17A-2.9

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

Section 11:17A-2.9 - Notice to purchasers of self-storage personal property insurance

(a) Insurance producers that market self-storage personal property insurance as defined in 11:17-1.2 shall provide potential purchasers with written notice:

1. That the renter's or lessee's homeowner's, renter's or business insurance policy may provide coverage for the loss or damage to property located on the self-storage premises and that the purchase of such insurance is not required under the lease terms between the self-storage facility and the renter or lessee; and

2. That the coverage may be cancelled within 30 days and a full refund made to the purchaser upon written notice to the producer who sold the self-storage insurance contract or the insurer.

N.J. Admin. Code § 11:17A-2.9

New Rule, R.1997 d.278, effective 7/7/1997.
See: 28 New Jersey Register 4707(a), 29 New Jersey Register 2853(a).
Former section recodified to N.J.A.C. 11:17A-2.10.
Amended by R.2002 d.354, effective 11/4/2002.
See: 34 New Jersey Register 2286(a), 34 New Jersey Register 2549(b), 34 New Jersey Register 3839(a).
In (a), substituted "Insurance producers" for "Limited insurance representatives" in the introductory paragraph and substituted "the producer who sold the self-storage insurance contract" for "either the limited insurance representative" in 2.