N.J. Admin. Code § 11:17B-1.2

Current through Register Vol. 57, No. 1, January 6, 2025

Section 11:17B-1.2 - Purpose

(a) The purposes of this chapter are:

1. To clarify those circumstances under which fees can be charged in connection with insurance transactions;

2. To clarify to whom commissions may be paid;

3. To require full disclosure of fees charged in connection with insurance policies;

4. To prohibit the commingling of certain non-insurance fees with charges for insurance premiums; and

5. To prohibit certain abuses which could arise out of the sale of insurance by an insurance producer acting as a motor club representative.

N.J. Admin. Code § 11:17B-1.2

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)5, deleted "or limited insurance representative" following "an insurance producer".