Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The state of New Jersey, after soliciting stakeholder feedback, has adopted a new law requiring commercial property insurers to provide their insureds with a state mandated one-page summary explaining common insurance clauses found in such policies. Insurers must use the summary created by the New Jersey Department of Banking and Insurance (DOBI) without deviation. The summary must be provided to all existing policyholders within ninety days of the date of its posting (August 16, 2021) on DOBI’s website, which is November 13, 2021. The summary must also be provided to any applicant or renewal purchaser of commercial property insurance covering the loss of use and occupancy of a commercial property and business interruption in New Jersey. Insurers should not file the Summary, as all insurers will use the same summary document provided by the state.

This premium content is locked for
FC&S Expert Coverage Interpretation subscribers.

Enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.

  • Quality content from industry experts with over 60 years insurance experience, combined
  • Customizable alerts of changes in relevant policies and trends
  • Search and navigate Q&As to find answers to your specific questions
  • Filter by article, discussion, analysis and more to find the exact information you’re looking for
  • Continually updated to bring you the latest reports, trending topics, and coverage analysis

Already have an account?
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].

FC&S Editors


Get Answers Directly From the FC&S Experts

Submit your coverage interpretation question to the editors of FC&S for quick and reliable information.

Question of the Week

Insurance Coverage Q&A: Coverage Extensions and Deductibles ›

Does the deductible apply to coverage extensions?

Question of the Week Archive ›

Copyright © 2022 ALM Global, LLC. All Rights Reserved.