17B:24-12 - Separate risks and premiums - New Jersey Statutes

17B:24-12.  Separate risks and premiums
    When a policy shall insure against more than one hazard or peril, the insurance against any specific hazard or peril shall not be separately cancelable unless the policy shall specify a separate premium for any such insurance so cancelable.  No policy of life insurance or annuity contract as the same are defined in 17B:17-3 and 17B:17-5 shall cover any other hazard or peril than insurance against bodily injury or death by accident, and upon the health of persons as the same is defined in section 17B:17-4.

     L.1971, c. 144, s. 17B:24-12.