43:16A-59 - Payment of benefits under group policies - New Jersey Statutes

43:16A-59.  Payment of benefits under group policies
    Benefits under such group policy or policies shall be paid by the insurance  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  estate.  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.1964, c. 241, s. 26, eff. Jan. 1, 1965.  Amended by L.1967, c. 250, s. 23, eff. Dec. 18, 1968.