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17:37-6. Limited liability of insured in certain companies |
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New Jersey Statutes (Unannotated) / NEW JERSEY GENERAL AND PERMANENT STATUTES (UPDATED THROUGH P.L.2023, c.256, and J.R.18) / TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE |
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17: 37-6. Limited liability of insured in certain companies 17: 37-6. Limited liability of insured in certain companies Any mutual fire insurance company organized by special act of the Legislature prior to the year 1875 may provide in the policy of insurance a...
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limited liability of the insured to pay upon call during the existence of the policy any portion or all of the premium not paid in cash, notwithstanding, and in lieu...
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of, any provision in the act incorporating the company for the deposit by the insured of a promissory note for the portion of premium not paid in cash and it shall not be necessary for any company to impose any...
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