17B:26-15 - Change of beneficiary - New Jersey Statutes

17B:26-15.  Change of beneficiary
    There shall be a provision as follows:

    Change of beneficiary:  Unless the insured makes an irrevocable designation  of beneficiary, the right to change of beneficiary is reserved to the insured  and the consent of the beneficiary or beneficiaries shall not be requisite to  surrender or assignment of this policy or to any change of beneficiary or  beneficiaries, or to any other changes in this policy.

    (The first clause of this provision, relating to the irrevocable designation  of beneficiary, may be omitted at the insurer's option.)

     L.1971, c. 144, s. 17B:26-15.