N.J. Admin. Code § 11:17A-4.3

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

Section 11:17A-4.3 - Confirmation of underwriting information

(a) Every insurance producer shall, within 10 days after the effectuation of an insurance transaction made through an insurance producer which modifies the terms of an existing insurance contract or the terms of an application for insurance, notify a policyholder or applicant, in writing, of all information submitted to the insurance producer by the policyholder or applicant pertinent to the modification, including confirmation that the insurance producer has sent the information to the insurer.

1. The requirement in (a) above shall apply to all insurance policies, certificates, binders and endorsements.

2. The requirement in (a) above shall not apply when the request for such modification is required to be submitted by the policyholder or applicant to the insurance producer in writing.

N.J. Admin. Code § 11:17A-4.3

Amended by R.1995 d.60, effective 2/6/1995.
See: 26 New Jersey Register 4307(a), 27 New Jersey Register 562(a).