New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 17A - INSURANCE PRODUCER STANDARDS OF CONDUCT; MARKETING
Subchapter 2 - UNFAIR TRADE PRACTICES
Section 11:17A-2.9 - Notice to purchasers of self-storage personal property insurance
Universal Citation: NJ Admin Code 11:17A-2.9
Current through Register Vol. 56, No. 18, September 16, 2024
(a) Insurance producers that market self-storage personal property insurance as defined in 11:17-1.2 shall provide potential purchasers with written notice:
1. That the
renter's or lessee's homeowner's, renter's or business insurance policy may
provide coverage for the loss or damage to property located on the self-storage
premises and that the purchase of such insurance is not required under the
lease terms between the self-storage facility and the renter or lessee;
and
2. That the coverage may be
cancelled within 30 days and a full refund made to the purchaser upon written
notice to the producer who sold the self-storage insurance contract or the
insurer.
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