17:36-5.36 - Consumer information brochure on hurricane deductibles required for issuance of homeowners policy - New Jersey Statutes

17:36-5.36  Consumer information brochure on hurricane deductibles required for issuance of homeowners policy.

4.  a.  No homeowners insurance policy shall be issued, delivered or renewed in this State on or after the 90th day following the effective date of this act unless the policy is accompanied by a consumer information brochure which explains the insurer's hurricane deductible program, if any, and which includes the information on flood insurance required to be provided pursuant to P.L.2000, c.84.

b.The board of directors of the New Jersey Insurance Underwriting Association established pursuant to P.L.1968, c.129 (C.17:37A-1 et seq.) shall prepare and disseminate a consumer information brochure in accordance with the requirements of this section.

c.An insurer shall provide a consumer information brochure to an insured at least annually at the time of policy renewal, or as otherwise ordered by the commissioner.

L.2001,c.409,s.4.