State Codes and Statutes
Statutes > New-jersey > Title-17 > Section-17-36 > 17-36-5-20b17:36-5.20b Certain commercial lines insurance risks, exclusion from requirements of standard fire policy.
1. a. A fire insurance policy for commercial lines insurance risks which produce minimum annual premiums in excess of $10,000 shall be excluded from the requirements of section 6 of P.L.1954, c. 268 (C.17:36-5.20).
b.Notwithstanding any other provision of law to the contrary, no person, including, but not limited to, an insurance producer as defined in section 3 of P.L.2001, c.210 (C.17:22A-28), shall be liable in an action for damages on account of an applicant or insured purchasing a commercial lines insurance policy that does not comply with the requirements of section 6 of P.L.1954, c.268 (C.17:36-5.20).
L.2007, c.324, s.1.
