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.
N.J. Stat. Ann. § 53:5A-24
Credit to policyholder in absence of brokerage commissions
Known as the State Police Retirement System Act
The act spans §§ 53:5A-1 to 53:5A-9 (72 sections).
L.1965, c. 89, s. 24, eff
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.