Original source: http://news.ambest.com/newscontent.aspx?altsrc=23&refnum=220181
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BestWire (09/13/19) Darragh, Timothy
New Jersey Gov. Phil Murphy signed an order that Department of Banking and Insurance and other state departments promote responsible gun security practices for gun sellers and financial institutions and also to take actions against insurance policies which promote improper firearm usage. Banking and Insurance Commissioner Marlene Caride has 30 days to”take appropriate action within her jurisdiction to prohibit or confine the sale, procurement, marketing, or supply of insurance products that may serve to encourage the improper use of guns.” Caride pointed from Lockton Affinity to some current fine with $ 1 million to settle allegations that it permitted the National Rifle Association to advertise right for the Carry Guard insurance program from the state. “We’re continuing to explore additional firearm-related insurance plans for possible violations of state insurance coverage,” Caride says. The department did not say what measures could be. Associated Story: PropertyCasualty360 (registration)… Read More
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