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New Jersey Statutes, Title: 17B, INSURANCE
Chapter 25: "Industrial life insurance" ; definition
Section: 17B:25-10.1: Notice mailed to holders of life insurance policy
An insurer shall give written notice by regular mail to the holder of a life insurance policy when, to prevent lapse of the policy, a premium is paid automatically by charging it against the policy's loan value which is derived from the cash value of the policy. The notice shall show the amount of the loan and the loan interest rate. The notice shall be mailed no later than 30 days after the end of the grace period of the premium paid by loan.
L.1991,c.7,s.1.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 17b:25-10.1 (if available):
Court decisions that cite this statute:
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