LegalFix
Sign In

Section 45:7-88 - Naming of provider as beneficiary prohibited

NJ Rev Stat § 45:7-88 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

45:7-88. Naming of provider as beneficiary prohibited

7. No provider shall knowingly permit, in conjunction with a prepaid funeral agreement, the naming of himself or itself as beneficiary of a policy, except that nothing in this section shall be construed to prohibit the assignment of proceeds to a provider as payment for a funeral bill, or such other mechanism that provides payments to providers for the goods or services rendered, and that provides for any excess proceeds to be paid to a named beneficiary or beneficiaries.

L.1993,c.147,s.7.

Previous Section
Section 45:7-87 - Additional requirements
Next Section
Section 45:7-89 - Written statement to purchaser of new arrangements