N.J. Admin. Code § 11:7-1.7
Current through Register Vol. 57, No. 1, January 6, 2025
No insurer authorized to transact the business of insuring municipal bonds shall pay any commission or make any gift of money, property or other valuable thing to any employee, agent or representative of any issuer of municipal bonds or to any employee, agent or representative of any underwriter of any issue of such bonds as an inducement to the purchase of, or at any time there is in force, a policy insuring such bonds, and no such employee, agent or representative of such issuer or underwriter shall receive any such payment or gift. However, violation of the provisions of this Section shall not have the effect of rendering void the insurance policy issued by the insurer.
N.J. Admin. Code § 11:7-1.7
See: 39 N.J.R. 1985(a), 40 N.J.R. 881(a).