45:7-88 - Naming of provider as beneficiary prohibited - New Jersey Statutes

45:7-88.     Naming of provider as beneficiary prohibited      7.   No provider shall knowingly permit, in conjunction with a prepaid funeral agreement, the naming of himself or itself as beneficiary of a policy, except that nothing in this section shall be construed to prohibit the assignment of proceeds to a provider as payment for a funeral bill, or such other mechanism that provides payments to providers for the goods or services rendered, and that provides for any excess proceeds to be paid to a named beneficiary or beneficiaries. 

   L.1993,c.147,s.7.