Reduced premiums in lieu of brokerage commissions

Checkout our iOS App for a better way to browser and research.

43:15A-96. Reduced premiums in lieu 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 or policies.

L.1955, c. 214, p. 834, s. 9. Amended by L.1960, c. 79, p. 557, s. 8.


Download our app to see the most-to-date content.