2C:35B-7 - No third party damage payments; assignment of cause of action restricted - New Jersey Statutes

2C:35B-7.  No third party damage payments; assignment of cause of action restricted

7.  a.  A third party shall not pay damages awarded under this act, or provide a defense or money for a defense, on behalf of an insured under a contract of insurance or indemnification.

b.A cause of action authorized pursuant to this act may not be assigned, either expressly, by subrogation, or by any other means, directly or indirectly, to any public or publicly funded agency or institution.

L.2001, c.114, s.7.