17B:24-5 - Payment discharges insurer - New Jersey Statutes

17B:24-5.  Payment discharges insurer
    Whenever the proceeds of or payments under a life or health insurance policy  or annuity contract heretofore or hereafter issued become payable in accordance  with the terms of such policy or contract, or the exercise of any right or  privilege thereunder, payment thereof by the insurer in accordance therewith or  in accordance with any written assignment thereof shall fully discharge the  insurer from all claims under the policy or contract.

     L.1971, c. 144, s. 17B:24-5.