New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 17A - INSURANCE PRODUCER STANDARDS OF CONDUCT; MARKETING
Subchapter 4 - MISCELLANEOUS MARKETING AND RELATED REQUIREMENTS
Section 11:17A-4.1 - Agent and broker authorized to collect premiums
Universal Citation: NJ Admin Code 11:17A-4.1
Current through Register Vol. 56, No. 18, September 16, 2024
(a) Premium monies collected by an insurance producer acting as an insurance agent shall be deemed to be received by the insurer by whom the agent is authorized to act whether or not the agent actually remits the monies to the insurer.
(b) Premium monies collected by an insurance producer acting as an insurance broker shall be deemed to be received by the insurer in accordance with the provisions of 17:22-6.2a.
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