2017 New Jersey Revised Statutes
TITLE 17B - INSURANCE
Section 17B:29-3 - Forms of credit life insurance and credit health insurance

Universal Citation: NJ Rev Stat § 17B:29-3 (2017)

17B:29-3. Forms of credit life insurance and credit health insurance

Credit life insurance and credit health insurance shall be issued only in the following forms:

a. Individual policies of life insurance issued to debtors on the term plan;

b. Individual policies of health insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;

c. Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan;

d. Group policies of health insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage.

L.1971, c. 144, s. 17B:29-3.

Disclaimer: These codes may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.