New Jersey Statutes
§ 17:16D-2 — Definitions
New Jersey § 17:16D-2
JurisdictionNew Jersey
Title 17CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
This text of New Jersey § 17:16D-2 (Definitions) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.J. Stat. Ann. § 17:16D-2 (2026).
Text
For the purposes of this act--
(a)"Insurance premium finance company" means a person engaged in the business of entering into insurance premium finance agreements or acquiring premium finance agreements from insurance agents or insurance brokers.
(b)"Insurance premium finance agreement" means an agreement by which an insured or prospective insured promises to pay to a premium finance company either directly or indirectly the amount advanced or to be advanced under the agreement by said premium finance company to an insurer or to an insurance agent or insurance broker in payment of premiums on an insurance contract together with a finance charge as authorized and limited by this act.
(c)"Licensee" means an insurance premium finance company holding a license issued by the commissioner und
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Nearby Sections
15
§ 17:16D-1
Short title§ 17:16D-10
Maximum finance charge§ 17:16D-11
Statement of accounts; receipts§ 17:16D-12
Delinquency charges§ 17:16D-14
Application of unearned premiums§ 17:16D-15
Exemption from any filing requirements§ 17:16D-16
Severability§ 17:16D-2
Definitions§ 17:16D-3
Application§ 17:16D-4
Licenses.§ 17:16D-5
Action by commissioner on application§ 17:16D-6
Revocation and suspension of licenses§ 17:16D-8
Power to make rulesCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 17:16D-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/17/17%3A16D-2.