N.J. Admin. Code § 13:69F-36.10

Current through Register Vol. 56, No. 19, October 7, 2024

Section 13:69F-36.10 - Insurance

(a) Whenever the first card dealt to the dealer is an ace, each player shall have the right to make an insurance wager, which shall win if the dealer's second card is a king, queen, or jack and shall lose if the dealer's second card is an ace, two, three, four, five, six, seven, eight, or nine.

(b) An insurance wager shall be made by placing on the insurance line of the layout an amount not more than half the aggregate amount staked on the player's attack wagers, except that a player may wager an amount in excess of half the aggregate of the attack wagers to the next unit that can be wagered in chips, when because of the limitation of the value of chip denominations, exactly half the aggregate of the attack wagers cannot be wagered. All insurance wagers shall be placed immediately after the second card is dealt to each player and prior to any additional cards being dealt to any player at the table. If a card reader device is in use, all insurance wagers shall be placed prior to the dealer inserting his or her hole card into the card reader device.

(c) All winning insurance wagers shall be paid at odds of 2 to 1, except that if the dealer has a blackjack comprised of two cards of the same suit, the winning insurance wager shall be paid at odds of 5 to 1.

(d) All losing insurance wagers shall be collected by the dealer immediately after the dealer draws his or her second face up card or discloses his or her hole card and before the dealer draws any additional cards.

N.J. Admin. Code § 13:69F-36.10