17:18-17 - Furnishing accounting record of compensation to or on behalf of holder of policy to holder - New Jersey Statutes

17:18-17.  Furnishing accounting record of compensation to or on behalf of holder of policy to holder
    The provisions of any other law to the contrary notwithstanding, every insurance company when making compensation to or on behalf of the holder of any  insurance policy issued by such company for any loss incurred by or on behalf  of such holder pursuant to the terms of such policy, shall upon request furnish  such holder a complete accounting record of the transaction resulting in such  compensation.  Such record shall contain dollar amounts for each specific item  in the transaction, including, but not limited to, attorneys fees, court costs,  any amount deductible from the insured value of any such loss pursuant to the  terms of such policy and the amount of compensation actually received by or on  behalf of such holder.

    Such record shall be mailed to the policyholder, or furnished him by his agent, at his last known address.

     L.1975, c. 274, s. 1, eff. Jan. 12, 1976.