™Your Policy Risk Impact Agent
131 chapters · 3,637 sections in this title.
N.J.S.A. 17:16D-1 Short title
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17:16D-1. Short title This act shall be known and may be cited as the "Insurance Premium Finance Company Act." L.1968, c. 221, s. 1.
N.J.S.A. 17:16D-10 Maximum finance charge
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17:16D-10. Maximum finance charge A premium finance company shall not charge, contract for, receive, or collect a finance charge other than as permitted by this act. The finance charge shall be computed, using the actuarial method on the balance of the premiums due (after subtrac…
N.J.S.A. 17:16D-11 Statement of accounts; receipts
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17:16D-11. Statement of accounts; receipts Upon the request of an insured a premium finance company shall give to the insured a written statement of his account. No more than 2 such statements shall be required in any 12-month period. An insured shall be given a written receipt f…
N.J.S.A. 17:16D-12 Delinquency charges
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17:16D-12. Delinquency charges 12. a. Delinquency charges. A premium finance agreement may provide for the payment by the insured of a delinquency charge of $1.00 to a maximum of 5% of the delinquent installment but not to exceed $5.00 on any installment which is in default for a…
