LegalFix
Sign In

Section 17:22-6.57 - Record of surplus lines contracts procured

NJ Rev Stat § 17:22-6.57 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

17:22-6.57. Record of surplus lines contracts procured

23. Each surplus lines agent shall keep in his office a full and true record of each surplus lines contract procured by him, including a copy of the daily report, if any, and showing such of the following items as may be applicable:

(a) Amount of the insurance and perils insured against;

(b) Brief general description of property insured and where located;

(c) Gross premium charged;

(d) Return premium paid, if any;

(e) Rate of premium charged upon the several items of property;

(f) Effective date of the contract, and the terms thereof;

(g) Name and post-office address of the insured;

(h) Name and home office address of the insurer;

(i) Amount collected from the insured; and

(j) Other information as may be required by the commissioner.

The record shall at all times be open to examination by the commissioner without notice, and shall be so kept available and open to the commissioner for five years next following expiration or cancellation of the contract.

L.1960,c.32,s.23; amended 1996, c.69, s.6; 2001, c.210, s.24.

Previous Section
Section 17:22-6.55a - Advisory organizations
Next Section
Section 17:22-6.58 - Verified report of surplus lines insurance transacted