New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 4 - ACTUARIAL SERVICES
Subchapter 4 - PASSBOOKS USED IN CONNECTION WITH COUPON POLICIES OR POLICIES CONTAINING GUARANTEED ANNUAL ENDOWMENT BENEFITS
Section 11:4-4.3 - Scope
Universal Citation: NJ Admin Code 11:4-4.3
Current through Register Vol. 56, No. 6, March 18, 2024
(a) This practice shall be discontinued with respect to policies to which this regulation applies because it conflicts with 17B:25-5 which requires "that the policy constitute the entire contract between the parties".
(b) The reference to such language as "deposits" in such books, but not in the policy itself, is in conflict with the required provision that the policy constitute the entire contract.
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