43:6A-26 - Payment of benefits - New Jersey Statutes

43:6A-26.  Payment of benefits
    Benefits under such group policy or policies shall be paid by the insurance  company to such person, if living, as the insured person 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  insured person's estate.  An insured person 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.1973, c. 140, s. 26, eff. May 22, 1973.