N.J. Admin. Code § 11:5-6.3

Current through Register Vol. 56, No. 24, December 18, 2024

Section 11:5-6.3 - Broker insurance placement provision

Where a contract provided by a real estate broker contains a provision to the effect that such broker, in his capacity as a licensed insurance agent or broker, is authorized to place or procure insurance on the property being sold, the licensee benefitting by such a provision shall obtain separate written reaffirmation of such provision by the prospective insured not less than five days prior to the closing of title.