New Jersey Statutes
§ 53:5A-24 — Credit to policyholder in absence of brokerage commissions
New Jersey·Title 53 STATE POLICE
Notwithstanding any other provision of law, any insurance company or companies issuing such policy or policies may credit the policyholder, in the form of reduced premiums, with savings by said company or companies in the event that no brokerage commission or commissions are paid by said company or companies on the issuance of such policy of policies. L.1965, c. 89, s. 24, eff. July 1, 1965.
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Nearby Sections
15
§ 53:5A-1
Repeals§ 53:5A-10
1 Permanent and total disability.§ 53:5A-12
Death benefits.§ 53:5A-14.1
Pension benefits under former section 53:5-5 discontinued by remarriage of mother; right to receive benefits§ 53:5A-15.3
Eligibility of beneficiary of retirant to death benefit; minimum amount of monthly allowance or benefit