New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 17A - INSURANCE PRODUCER STANDARDS OF CONDUCT; MARKETING
Subchapter 2 - UNFAIR TRADE PRACTICES
Section 11:17A-2.4 - Rebates and inducements; determination of value
Universal Citation: NJ Admin Code 11:17A-2.4
Current through Register Vol. 56, No. 18, September 16, 2024
(a) For the purpose of determining the value of any item pursuant to 11:17A-2.3, an insurance producer shall retain the original invoice for such item for five years beyond the later of the date the offer is discontinued or the date the last item is given.
(b) The value of any favor, advantage, valuable consideration or any other item or service shall be determined by the Commissioner or his or her designee.
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