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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Chapter 36: Creation; application of; maintenance
Section: 17:36-5.20b: Certain commercial lines insurance risks, exclusion from requirements of standard fire policy.
1. a. A fire insurance policy for commercial lines insurance risks which produce minimum annual premiums in excess of $10,000 shall be excluded from the requirements of section 6 of P.L.1954, c. 268 (C.17:36-5.20).
b. Notwithstanding any other provision of law to the contrary, no person, including, but not limited to, an insurance producer as defined in section 3 of P.L.2001, c.210 (C.17:22A-28), shall be liable in an action for damages on account of an applicant or insured purchasing a commercial lines insurance policy that does not comply with the requirements of section 6 of P.L.1954, c.268 (C.17:36-5.20).
L.2007, c.324, s.1.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 17:36-5.20b (if available):
Court decisions that cite this statute: