New Jersey Life and Health Insurance Code, Scope and Definitions, and The Insurance Contract General Provisions, N.J.S.A. 17B:17-1 through 17B:17-31 and 17B:24-1.1 through 17B:24-12

What this document is

New Jersey Life and Health Insurance Code, Scope and Definitions, and The Insurance Contract General Provisions, N.J.S.A. 17B:17-1 through 17B:17-31 and 17B:24-1.1 through 17B:24-12 is a state statute published by pub.njleg.gov. It is one of the New Jersey documents that insurance license exam questions are written from, including new jersey life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• N.J.S.A. tit. 17B § 17B:24-11 (Participating and Nonparticipating Policies; Payment of Commissions)

  “No life insurance company doing business in this State, and issuing policies both on participating and nonparticipating bases, shall pay commissions at a higher rate with respect to participating policies than it pays with respect to comparable nonparticipating policies.”

• N.J.S.A. tit. 17B § 17B:17-23 (Flesch Reading Ease Score; Authorization of Lower Score)

  “The commissioner may authorize a lower score than the Flesch reading ease score required in section 5a. (1) whenever, in his sole discretion, he finds that a lower score: a. will provide a more accurate reflection of the readability of a policy form; b. is warranted by the nature of a particular...”

• N.J.S.A. tit. 17B § 17B:17-13.1(d) (Charitable Annuities; Reports and Examinations)

  “The commissioner may require that special permit holders submit periodically such reports as he may deem desirable or necessary to ascertain compliance with requirements of this section and the commissioner may, whenever he deems it expedient, make or cause to be made an examination of the assets...”

• N.J.S.A. tit. 17B § 17B:17-29 (Action of Insurer Upon Receiving Notice of Death)

  “Upon receiving notification of the death of an insured or account holder or in the event of a match made by a death index cross-check pursuant to section 3 of this act, an insurer shall search every policy or account subject to this act to determine whether the insurer has any other policies or...”

• N.J.S.A. tit. 17B § 17B:17-13(b) (Misdemeanor to Do Business Unless Authorized)

  “b. No person by himself, or by his brokers, agents, solicitors, surveyors, canvassers or other representatives of whatever designation, nor any such broker, agent, solicitor, surveyor, canvasser, or other representative, shall solicit, negotiate or effect any contract of insurance of any kind or...”

• N.J.S.A. 17B:24-1.1(b) and (c) (New Jersey Life and Health Insurance Code, Scope and Definitions, N.J.S.A. 17B:17-1 et seq.)

  “No person shall procure or cause to be procured any insurance contract upon the life, health or bodily safety of another individual unless the benefits under that contract are payable to the individual insured or his personal representative, or to a person having, at the time when that contract was...”

• N.J.S.A. 17B:24-2(a) (New Jersey Life and Health Insurance Code, Scope and Definitions, N.J.S.A. 17B:17-1 et seq.)

  “Any minor not less than 15 years of age may, notwithstanding such minority, contract for annuities or for insurance, or affirm by novation or otherwise pre-existing contracts for annuities or insurance, upon his own life, body or health, or upon the life, body or health of another person in whom...”

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• N.J.S.A. 17:29B-4: Unfair methods of competition and deceptive acts definedState statute
• N.J.S.A. Title 17 Chapter 1 - Department of Banking and Insurance; the Commissioner's powers (17:1-1 through 17:1-28, 23 sections)State statute
• N.J.S.A. Title 17 Chapter 16C - Retail Installment Sales Act (17:16C-1 through 17:16C-103, 125 sections)State statute
• N.J.S.A. Title 17 Chapter 1C - Department expenses, apportionment and assessment (17:1C-6.1 through 17:1C-48, 32 sections)State statute
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• N.J.S.A. Title 17 Chapter 29A - Rates and rating organizations (17:29A-1 through 17:29A-62, 73 sections)State statute
• N.J.S.A. Title 17 Chapter 29AA - Commercial insurance deregulation (17:29AA-1 through 17:29AA-34, 35 sections)State statute
• N.J.S.A. Title 17 Chapter 29B - Unfair trade practices in the business of insurance, complete chapter (17:29B-1 through 17:29B-19, 20 sections)State statute