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Section 45:7-89 - Written statement to purchaser of new arrangements

NJ Rev Stat § 45:7-89 (2019) (N/A)
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45:7-89. Written statement to purchaser of new arrangements

8. Where a provider, with the written consent of the purchaser, replaces a funeral trust used to fund a prepaid funeral agreement with a funeral insurance policy or converts an agreement funded by a funeral trust to one which is funded by a funeral insurance policy, the provider shall give to the purchaser a written statement which sets forth the material differences between the original and the new funding arrangements and which discloses the provider's earning of a commission based upon that transaction.

L.1993,c.147,s.8.

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