New Jersey Code § 53:5A-24

Credit to policyholder in absence of brokerage commissions
Open in Lexace · Ask the AI about this section
53:5A-24. Credit to policyholder in absence of brokerage commissions
Notwithstanding any other provision of law, any insurance company or companies issuing such policy or policies may credit the policyholder, in the form of reduced premiums, with savings by said company or companies in the event that no brokerage commission or commissions are paid by said company or companies on the issuance of such policy of policies.
L.1965, c. 89, s. 24, eff. July 1, 1965.

‹ Prev All New Jersey sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.