43:15A-94 - Payment of benefits; payees - New Jersey Statutes

43:15A-94.  Payment of benefits;  payees
    Benefits under such group policy or policies shall be paid by the company to  such person, if living, as the member shall have nominated by written designation duly executed and filed with the insurance company through the policyholder, otherwise to the executors or administrators of the member's.  A member may file with the insurance company through the policyholder and alter from time to time during his lifetime, as desired, a duly attested written nomination of his payee for the death benefit.

     L.1955, c. 214, p. 832, s. 7.  Amended by L.1960, c. 79, p. 556, s. 6; L.1971, c. 213, s. 37, eff. June 17, 1971.