17B:29-11 - Existing insurance--choice of insurer - New Jersey Statutes

17B:29-11.  Existing insurance--choice of insurer
    When credit life insurance or credit health insurance is required as additional security for any indebtedness, the debtor shall, upon request to the  creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by him or of procuring and furnishing the required coverage through any insurer authorized to transact an insurance business within this State.

     L.1971, c. 144, s. 17B:29-11.