New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 2 - INSURANCE GROUP
Subchapter 15 - INSOLVENT INSURERS
Section 11:2-15.1 - Cancellation of property and liability policies
Universal Citation: NJ Admin Code 11:2-15.1
Current through Register Vol. 56, No. 24, December 18, 2024
Whenever an insurer is declared insolvent by a court of competent jurisdiction, or its business is suspended under the laws of its state of incorporation, or its certificate of authority is revoked by this State, the company's insurance policies shall be deemed cancelled by said insurer if the policy is terminated at the request of the policyholder. The insurer thereupon shall be obligated to return the unearned premiums including the unearned commissions to the policyholder.
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