N.J. Admin. Code § 3:18-3.6

Current through Register Vol. 56, No. 23, December 2, 2024

Section 3:18-3.6 - Surety companies to notify department of claims; claims payable only at the direction of the Department

When a person submits a claim to a surety company against the bond of a business licensee, the surety company shall immediately notify the Department and shall not pay any claim unless and until directed to do so by the Department.