53:5A-24 - Credit to policyholder in absence of brokerage commissions - New Jersey Statutes

53:5A-24.  Credit to policyholder in absence of brokerage commissions
    Notwithstanding any other provision of law, any insurance company or companies issuing such policy or policies may credit the policyholder, in the form of reduced premiums, with savings by said company or companies in the event that no brokerage commission or commissions are paid by said company or companies on the issuance of such policy of policies.

     L.1965, c. 89, s. 24, eff. July 1, 1965.