2016 New Jersey Revised Statutes
Title 43 - Pensions And Retirement And Unemployment Compensation
Section 43:15A-94 - Payment Of Benefits; Payees

NJ Rev Stat § 43:15A-94 (2016) What's This?

43:15A-94. Payment of benefits; payees
Benefits under such group policy or policies shall be paid by the company to such person, if living, as the member shall have nominated by written designation duly executed and filed with the insurance company through the policyholder, otherwise to the executors or administrators of the member's estate. A member may file with the insurance company through the policyholder and alter from time to time during his lifetime, as desired, a duly attested written nomination of his payee for the death benefit.

L.1955, c. 214, p. 832, s. 7. Amended by L.1960, c. 79, p. 556, s. 6; L.1971, c. 213, s. 37, eff. June 17, 1971.


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