N.J.S.A. 53:5A-24

Credit to policyholder in absence of brokerage commissions

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.

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This is the verbatim text of N.J.S.A. 53:5A-24, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 53:5A-24 — Credit to policyholder in absence of brokerage commissions | Kyzer