New Jersey Statutes 17B:29-11. Existing insurance-choice of insurer
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 17B:29-11
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
When credit life insurance or credit health insurance is required as additional security for any indebtedness, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by him or of procuring and furnishing the required coverage through any insurer authorized to transact an insurance business within this State.
L.1971, c. 144, s. 17B:29-11