N.J. Admin. Code § 11:2-3.1

Current through Register Vol. 56, No. 16, August 19, 2024

Section 11:2-3.1 - Scope

All life insurance and all accident and health insurance sold in connection with consumer loans or other consumer credit transactions shall be subject to the provisions of this subchapter except that such insurance sold in connection with first mortgage loans made to individual borrowers for the purpose of purchasing residential real estate shall not be subject to 11:2-3.1 7 and 3.20.

Amended by R.1990 d.44, effective 1/16/1990 (operative March 18, 1990).
See: 21 N.J.R. 3052(a), 22 N.J.R. 233(a), 22 N.J.R. 392(a).
Deleted text specifying a loan or other credit transaction of more than five years' duration and replaced with phrase: "first mortgage ... real estate."
Amended by R.1996 d.206, effective 5/20/1996.
See: 27 N.J.R. 3676(a), 28 N.J.R. 2621(a).
Specified "consumer" loans and added exception for first mortgage loans.