N.J.S.A 17:36-5.21. Other insurances; combination policies; premium, allocation of portion to fire insurance

17:36-5.21. Other insurances; combination policies; premium, allocation of portion to fire insurance

Every such policy of fire insurance may, subject to the provisions of section 1 hereof as to filing with and possible disapproval by the Commissioner of Banking and Insurance, include any other insurances which the insurer is authorized to make. Two or more insurers may issue in combination a policy authorized by this section, under the terms of which policy each of such insurers will provide coverage against one or more of the specified insuranceS.

Whenever other insurances which the insurer is authorized to make are included in any such policy of fire insurance and there is no separate premium for fire insurance, the insurer, if not organized under the laws of this State, shall allocate that much of the premium which is fairly attributable to fire insurance for the purpose of determining taxes pursuant to R.S.54:17-4, 54:18-1 Annual reports, payments to New Jersey State Firemen’s Association; effects of noncompliance and 54:18-2 Returns by agents, brokers, insurers; payments to association.

L.1954, C. 268, p. 992, S.7.

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Look up case for New Jersey Statute 17:36-5.21. Other insurances; combination policies; premium, allocation of portion to fire insurance

Original Text maintained by the State of New Jersey:

NJ Maintained Unanotated Statutes References to 17:36-5.21. Other insurances; combination policies; premium, allocation of portion to fire insurance

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