3B:11-28 - Contributions; written statement of services - New Jersey Statutes

3B:11-28.    Contributions; written statement of services
    The board may accept contributions, bequests, and designations under life insurance policies to the community trust on behalf of individuals with severe chronic disabilities for the purpose of qualifying them as beneficiaries.

   At the time a contribution, bequest, or assignment of insurance proceeds is made, the trustor shall receive a written statement of the services to be provided to the beneficiary.  The statement shall include a starting date for the delivery of services or the condition precedent, such as the death of the trustor, which shall determine the starting date.  The statement shall describe the frequency with which services shall be provided and their duration, and the criteria or procedures for modifying the program of services from time to time in the best interests of the beneficiary.

   L. 1985, c. 424, s. 10.