N.J. Admin. Code § 11:1-20.8

Current through Register Vol. 56, No. 23, December 2, 2024

Section 11:1-20.8 - Cancellation and nonrenewal based on agency termination

(a) Every cancellation or nonrenewal based on agency termination shall be supported by the following documentation:

1. Explanation of the basis for the insurer's termination of the agency contract;

2. Explanation of why the individual risk(s) or line, class or subclass, as applicable, of insurance must be cancelled or nonrenewed as a result of the agency termination and why coverage cannot or should not be continued through referral to another active agent of the insurer or written by the insurer on a direct basis;

3. Evidence of the provision of replacement coverage to the insured, where applicable;

4. Copy of the insured's statement consenting to the termination of coverage, where applicable; and

5. Copy of the written notice issued by the insurer advising the insured of his or her right to continue coverage with the insurer.

N.J. Admin. Code § 11:1-20.8

New Rule, R.1987 d.114, effective 2/17/1987.
See: 18 N.J.R. 2301(b), 19 N.J.R. 359(a).