N.J. Admin. Code § 11:2-3.11

Current through Register Vol. 56, No. 24, December 18, 2024

Section 11:2-3.11 - Prohibited provisions of credit insurance policies

(a) Insurers authorized to transact business in New Jersey pursuant to N.J.S.A. 17B:17-1 et seq. may not require applicants to purchase involuntary unemployment insurance in combination with credit life insurance and/or credit accident and health insurance.

(b) Except as provided in N.J.A.C. 11:2-3.9(d), preexisting condition exclusions are prohibited in credit life insurance policies and certificates.

(c) Credit life and credit accident and health insurance policies and certificates shall not limit coverage to death or disability due to accidental causes, shall not include supplementary accidental death or dismemberment benefits, and shall not allow conversion to accidental death or dismemberment coverage.

N.J. Admin. Code § 11:2-3.11

New Rule, R.1996 d.206, effective 5/20/1996.
See: 27 New Jersey Register 3676(a), 28 New Jersey Register 2621(a).
Former section, "Disapproval by Commissioner", recodified to 11:2-3.16.
Amended by R.1998 d.41, effective 1/5/1998 (operative July 7, 1998).
See: 29 New Jersey Register 2777(a), 30 New Jersey Register 235(a).
In (b), added an exception at the beginning.