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 Phamplet Law 2001, Chapter 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.
Original Text maintained by the State of New Jersey:
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